Which Concept Includes Ongoing Support and Maintenance Costs as Well

question 19

Multiple Choice

Which concept includes ongoing support and maintenance costs as well as acquisition costs?

• A) overhead expenses
• B) total cost of ownership
• C) time value of money
• D) resource allocation

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Definitions:

Generalizations

Statements or conclusions that are made based on specific cases or evidence but are applied more broadly to larger groups or situations.

Categorical Data

Data that fit into distinct categories such as zip code or academic major.

Continuous Data

Data with incremental values between the minimum and maximum. For example, age can have values of years, months, weeks, days, hours, minutes, or seconds.

Frequencies

The counts or occurrences of specific events or characteristics in a set of data.