Life Cycle Costing Focuses on Costs Incurred in Production, but Not

question 76

True/False

Life cycle costing focuses on costs incurred in production, but not on those incurred when an operation is closed down and requires costly clean-up activities.

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Definitions:

Least Expensive

The most cost-effective or cheapest option available that meets the required criteria or needs.

Google Chromebook

A type of laptop or tablet running the Linux-based Chrome OS as its operating system, designed to be used primarily while connected to the Internet.

Fat Client

A computer in a client-server architecture that provides rich functionality independently of the central server.

Thin Client

A computer that does not offer the full functionality of a fat client.