A process that measures all costs involved in creating, producing, and using a product is known as:

Question

Quizplus · Accepted Answer

Life cycle costing measures all costs involved in creating, producing, and using a product throughout its entire life span, from design to disposal. This includes not only production costs, but also costs associated with distribution, use, and disposal of the product. Therefore, option D is the correct answer. Option A (Outcome performance measures) and option C (Leading performance measures) relate to measuring performance, rather than costs. Option B (Balanced scorecard) is a performance measurement tool that includes financial and non-financial measures, but does not specifically measure all costs involved in a product's life cycle.

A Process That Measures All Costs Involved in Creating, Producing