The cost of a system over its entire life cycle is called the ________.
A)total cost of ownership
B)base price
C)Both A and B
D)Neither A nor B

Question

Quizplus · Accepted Answer

The total cost of ownership includes not only the initial base price of the system, but also all of the expenses associated with implementing, maintaining, and eventually replacing or upgrading the system over its entire life cycle. This makes A the correct answer, while B is only a small part of the total cost.

The Cost of a System Over Its Entire Life Cycle