The Total Cost of Ownership (TCO) Is an Estimate of the Cost

question 69

True/False

The total cost of ownership (TCO) is an estimate of the cost of an item that includes all the costs related to the procurement and use of an item, but it does not include any of the costs related to disposing of the item after it is no longer useful.

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Definitions:

Addiction

A complex brain disorder characterized by escalation, compulsive drug taking, and relapse; called substance use disorder per the DSM-5.

Schizophrenia

A mental disorder characterized by disruptions in thought processes, perceptions, emotional responsiveness, and social interactions, presenting symptoms like hallucinations and delusions.

Incidence

The frequency or rate at which certain events or cases occur within a specified population over a particular period of time.

Sensitization

The method wherein continuous exposure to an external factor progressively increases the intensity of a reaction.