Life-cycle costing often involves situations where the investor is faced with a number of mutually exclusive alternatives.

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This is true. Life-cycle costing involves evaluating the total cost of a product or service over its entire lifetime, which often involves considering multiple alternatives that may have different costs and benefits. The investor must then choose which alternative is the most cost-effective in the long run.

Life-Cycle Costing Often Involves Situations Where the Investor Is Faced