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As Much as 75 Percent of the Total Lifetime Cost

question 23

Multiple Choice

As much as 75 percent of the total lifetime cost for an application program is spent on this.


Definitions:

Expenses

Costs incurred by a business in the process of earning revenue.

Indirect Costs

Costs that are not directly traceable to a specific product or service but are necessary for the operation of a business, such as overhead expenses.

Apportion

To divide and allocate proportions or shares of a total amount among different entities based on a set criteria or formula.

Total Cost

The sum of all expenses incurred in producing a product or delivering a service, including direct costs like materials and labor, and indirect costs such as overhead.

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