SOFTWARE PROJECT MANAGEMENT
QUALITY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In total Cost of ownership of Automobiles “ repair” comes under which form of Ownership Cost
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Acquisition Cost
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Ownership Cost
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Post ownership Cost
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None of the above
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Explanation:
Detailed explanation-1: -Total cost of ownership (TCO) includes the purchase price of a particular asset, plus operating costs, over the asset’s life span. Looking at total cost of ownership is a way of assessing the long-term value of a purchase to a company or individual.
Detailed explanation-2: -The total cost of ownership (TCO) is a management accounting concept that derives an asset’s total cost during its useful life. It includes the purchase price, maintenance and operational cost that will incur during the asset’s lifespan.
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