The "Total Cost of Ownership" of a Purchased Material Referred

question 5

Multiple Choice

The "total cost of ownership" of a purchased material referred to in the text is explained as ________.

• A) purchasing the lowest price component
• B) the sum of the costs of purchasing, transportation, using, warranting and disposing
• C) the global sourced cost
• D) purchase price plus the direct labor expense

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Definitions:

Urine

A liquid by-product of metabolism in humans and many animals, excreted by the kidneys through the process of urination.

Secretion

Separation of certain materials from the blood by the activity of a gland.

Excretion

The process of expelling material from the body.

Elimination

To remove, get rid of, exclude; also to pass urine from the bladder or stool from the bowel.