The Cost of a System Over Its Entire Life Cycle

question 56

Multiple Choice

The cost of a system over its entire life cycle is called the ________.

• A)total cost of ownership
• B)base price
• C)Both A and B
• D)Neither A nor B

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Definitions:

Payroll Costs

Expenses related to compensating employees, including wages, salaries, and benefits.

Higher Turnover Rates

A situation where an organization experiences an above-average frequency of employees leaving or being replaced within a given period.

Pension Claims

Applications submitted by retired employees or their beneficiaries to receive retirement benefits as per the pension plan provided by their employer.

Recruiting

The process of identifying, attracting, interviewing, selecting, and hiring employees to fill job vacancies within an organization.