Which of the following statements about life cycle costing is false?
A) It is long-term in nature
B) It is appropriate in situations where production costs are expected to increase over time
C) It is appropriate in situations where a product is initially expected to sell at a loss
D) It is appropriate in situations where the product's selling price is expected to decrease over time

Question

Quizplus · Accepted Answer

Life cycle costing is not specifically appropriate for situations where production costs are expected to increase over time; rather, it considers the total cost of ownership over the product's life, including all phases from development to disposal.

Which of the Following Statements About Life Cycle Costing Is