An awareness of the impact of today's actions on tomorrow's costs is a concept that underlies which of the following notions?

Question

Quizplus · Accepted Answer

The concept of life-cycle cost requires managers to consider all the costs associated with producing, selling, and supporting a product throughout its life. Hence, during design, the engineers are always thinking not only about the cost of producing the product, but the cost of supporting the product over its life.

An Awareness of the Impact of Today's Actions on Tomorrow's