Questions

Life Cycle costing includes the costs from each phase of the project life cycle when the total investment costs are calculated. Answer A is incorrect because an opportunity cost is the difference between a chosen investment and the one that is passed up. Answer B is incorrect because sunk costs are costs that have been incurred and cannot be reversed. Answer C is incorrect because net present value (NPV) is the present value of cash inflows(benifits) minus the present value of cash outflows (costs).

Adventure tourism : to convert the adventure into pleasure for the purpose of tourism business

Attraction : Anything/object/activity, which attracts tourists and attach with it.

Amenities : Extra facilities, service added with attraction, accessibility and accommodation to create tourism. It includes trust, friendship, hospitality, etc.

Back of the house : Staffs who are not directly involved in providing service. Guests rarely interact with them

The physical components of a computer are referred to as Hardware of the computer. 

The hardware components of the computer includes :

• Processor.
• Main memory.
• Secondary memory.
• Input devices.
• Output devices.

All the three statements lead to either increase in demand of goods and services or decrease in the supply. This leads to increase in general level of prices.