The Concept That Represents the Sum of All Costs Associated

question 17

Multiple Choice

The concept that represents the sum of all costs associated with making and delivering products to the point where they are needed is called:

• A) purchase/acquisition cost.
• B) strategic sourcing costs.
• C) life cycle costs.
• D) total landed cost.

---

Definitions:

Task Times

The duration required to complete specific jobs or assignments in a production or work process.

Assembly Line

A production process that breaks down the manufacture of a product into steps that are completed in a pre-defined sequence, often on a conveyor belt, to increase efficiency.

Required Times

The specific durations needed to complete tasks or activities within a process, project, or operating schedule.

Cycle Time

The total time from the beginning to the end of a process, indicating the speed at which a complete cycle can be executed.