Managing environmental costs is an example of life-cycle costing and value engineering.

Question

Quizplus · Accepted Answer

Managing environmental costs involves considering the entire life cycle of a product or process, including the environmental impact at each stage. This is an example of life-cycle costing. Value engineering can also be applied to find more efficient and cost-effective ways to reduce environmental costs. Therefore, the statement is true.

Managing Environmental Costs Is an Example of Life-Cycle Costing and Value