What Concept Refers to When Firms Consider All the Costs

question 48

Multiple Choice

What concept refers to when firms consider all the costs that can be assigned to the acquisition,use,and maintenance of a purchase?

• A)activity-based costing
• B)cost trade-offs
• C)the systems approach
• D)total cost of ownership

---

Definitions:

Variable Cost

A cost that varies with the level of output or production, such as materials and labor costs.

Sales Revenue

The total amount of money generated from the sale of goods and services before any costs or expenses are subtracted.

Dominant Inheritance

A pattern of inheritance in which an affected individual has one copy of a mutated gene that dominates the normal gene, leading to the manifestation of a trait or disorder.

Intellectual Disability

A situation described by considerable impairments in both intellectual abilities and in the adaptive behavior that includes a variety of daily social and practical skills.