Life-Cycle Budgeting Differs from Life-Cycle Costing in That

question 16

Multiple Choice

Life-cycle budgeting differs from life-cycle costing in that

• A)budgeting includes revenues and costs, and costing includes only the costs.
• B)budgeting includes all products of a company and costing is only for individual products.
• C)budgeting is for the development and production of a product while costing is for only the production activities.
• D)budgeting is for one accounting period and is a total dollar concept while costing is a per unit concept.
• E)budgeting includes revenues, and costing includes only the costs.

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An unplanned event involving a motorized vehicle that results in damage or injury.

Local Merchant

An individual or business that sells goods or services within a particular local area or community.

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A group of employees with a clear and identifiable community of interests who are represented by a single labor union in bargaining and negotiations.

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An official recognition or guarantee that an individual, product, or organization meets certain standards or qualifications.