Lifecycle Costs Are the Sum of Costs to Design, Produce

question 90

True/False

Lifecycle costs are the sum of costs to design, produce, market, deliver, and support a product from conception to ultimate discontinuance.

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Definitions:

Personnel Psychologist

A professional in psychology who focuses on workplace behavior, helping organizations with staff recruitment, selection, training, and development.

Organizational Psychologist

A professional who studies human behavior in workplace environments to improve employee performance and satisfaction.

Human Factors Psychologist

A professional who applies principles of psychology to designing products and creating work environments that boost productivity and reduce human error.

Clinical Psychologist

A health care professional specializing in diagnosing and treating mental, emotional, and behavioral disorders through talk therapy and, in some regions, medications.