The Cost of Ownership

question 94

Multiple Choice

The cost of ownership

• A)is a sunk cost.
• B)is a fixed cost.
• C)includes financial costs.
• D)All of the above answers are correct.

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Definitions:

Commercial Insurance

is a type of insurance designed to protect businesses from losses due to events that may occur during the normal course of business, such as property damage or liability claims.

Business Risk

The potential for losses or less-than-expected returns stemming from the economic, industry, or company-specific factors.

Property Insurance

Insurance that protects property from loss or damages.

Loss Or Damage

Refers to the negative impact, destruction, or impairment of value, function, or condition of property or goods.