Ownership Costs Are Incurred After the Initial Purchase and Are

question 59

Multiple Choice

Ownership costs are incurred after the initial purchase and are associated with the ongoing use of the product or material. Which of the following is not an ownership cost listed in the text?

• A) Financing costs
• B) Energy costs
• C) Taxes
• D) Maintenance and repair costs
• E) Supply network costs

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Definitions:

Rate of Interest

The percentage charged on a loan or paid on savings over a period of time, indicating the cost of borrowing or the gain on savings.

Invested

Refers to funds that have been allocated into assets or projects with the expectation of earning a return.

Worth

The total value of all financial and non-financial assets owned by an individual or business minus any liabilities.