Which of the Following Would Make Life-Cycle Budgeting Particularly Important

question 201

Multiple Choice

Which of the following would make life-cycle budgeting particularly important to implement?

• A) a very short R&D period with minimal costs but with an emphasis on speed to market
• B) a product that will be brought to market very quickly and will only be offered for a limited time
• C) the development period for a product is long and that the R&D needed and the design activities are costly
• D) a service that will be offered once this year and then eliminated as a result of a proposed sale of a division

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Definitions:

Confidence Interval

A spectrum of figures, taken from sample observations, possibly enclosing the value of an undetermined population characteristic.

Margin Of Error

An expression of the amount of random sampling error in a survey's results, indicating the confidence in the reliability of the results.

Sample Standard Deviations

A measure that quantifies the amount of variation or dispersion of a set of data values from its sample mean.

Equal Sample Sizes

A condition in statistical analysis where the number of observations in each group being compared is the same.