Life cycle costing considers cash flows over the entire life of products that have high development or decommissioning costs.

Name: Life cycle costing considers cash flows over the entire life of products that have high development or decommissioning costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Life cycle costing is an approach that assesses the total cost of ownership, including acquisition, operation, maintenance, and disposal costs of products, especially those with significant development or decommissioning expenses.

Life Cycle Costing Considers Cash Flows Over the Entire Life