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Whole-life cost is the total cost of ownership over the life of an asset. [ 1] [clarification needed] The concept is also known as life-cycle cost (LCC) or lifetime cost, [ 2] and is commonly referred to as "cradle to grave" or "womb to tomb" costs. Costs considered include the financial cost which is relatively simple to calculate and also the ...
Value of life. The value of life is an economic value used to quantify the benefit of avoiding a fatality. [ 1] It is also referred to as the cost of life, value of preventing a fatality ( VPF ), implied cost of averting a fatality ( ICAF ), and value of a statistical life ( VSL ). In social and political sciences, it is the marginal cost of ...
v. t. e. " The unexamined life is not worth living " is a famous dictum supposedly uttered by Socrates at his trial for impiety and corrupting youth, for which he was subsequently sentenced to death. The dictum is recorded in Plato's Apology (38a5–6) as ho dè anexétastos bíos ou biōtòs anthrṓpōi ( ὁ δὲ ἀνεξέταστος ...
On June 19, 2011, Ray J, along with his sister Brandy and his father Willie Norwood Sr., released A Family Business, which serves as a soundtrack to their hit reality TV show, Brandy & Ray J: A Family Business, and was released through Time-Life Music. [13] He released a single from the album called "Turnin' Me On".
Life-cycle cost analysis. Life-cycle cost analysis (LCCA) is an economic analysis tool to determine the most cost-effective option to purchase, run, sustain or dispose of an object or process. The method is popular in helping managers determine economic sustainability by figuring out the life cycle of a product or process.
Jainism divides the universe into living and non-living beings. Only when the living becomes attached to the non-living does suffering result. Therefore, happiness is the result of self-conquest and freedom from external objects. The meaning of life may then be said to be to use the physical body to achieve self-realization and bliss. [154]
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Product life-cycle theory. The Product Life Cycle Theory is an economic theory that was developed by Raymond Vernon in response to the failure of the Heckscher–Ohlin model to explain the observed pattern of international trade. The theory suggests that early in a product's life-cycle all the parts and labor associated with that product come ...