Life-Cycle Costing Is Especially Important in Which of the Following

question 101

Multiple Choice

Life-cycle costing is especially important in which of the following types of companies?

• A) yes yes yes yes
• B) no yes yes no
• C) yes no no yes
• D) yes no yes yes

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Definitions:

Alteration

A change or modification made to an object, document, or system, often intended to improve functionality or appearance.

Foreign Draft

A financial instrument used in international trade, drawn by an exporter on a foreign buyer, which orders the payment of a specified amount of money.

Without Recourse

A term indicating that the seller of a financial instrument or commercial paper relinquishes the right to demand payment from the issuer in the case of default.

Cashier's Check

A check issued by a bank, drawn on its own funds rather than that of an account holder, and commonly used to guarantee payment.