Question

For medical systems, what must be included in the total acquisition cost?

A) Only Equipment Purchase Price
B) Installation and Training Costs
C) Maintenance and Repair Fees
D) All Associated Expenses

Answer 1

The total acquisition cost for medical systems includes all associated expenses such as Equipment Purchase Price, Installation and Training Costs, Maintenance and Repair Fees, and other lifecycle costs.

Step-by-step explanation:

For medical systems, the total acquisition cost must include D) All Associated Expenses. These costs not only encompass the Equipment Purchase Price, but also include Installation and Training Costs, Maintenance and Repair Fees, and any other costs that may arise through the life cycle of the equipment such as upgrades, disposals, and even the utility costs involved in operating the equipment. When organizations evaluate the total cost of ownership, it is crucial to consider these factors for budgeting and financial planning.