The following PMP® exam sample question is taken from the Free PMP Exam Simulator:

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____________ is the total cost to produce the product or service of the project while meeting the quality standards plus the operating cost.

A.) Total Cost of Ownership
B.) Estimated Cost
C.) Cost of Quality
D.) Budgeted Cost

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Hint: What is the total cost of a product?

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Please click here for the correct answer and explanation.

Until next time,
Cornelius Fichtner, PMP
President, OSP International LLC - http://www.project-management-prepcast.com