Which term refers to analyzing financial decisions over the long term, including all related expenditures?

The term that accurately reflects the analysis of financial decisions over the long term, including all related expenditures, is Life Cycle Costing (LCC). This approach involves evaluating the total cost of ownership of a product or system throughout its entire life cycle, from initial acquisition through operational use to final disposal. By considering all costs involved—such as installation, maintenance, operational costs, and end-of-life disposal—LCC provides a comprehensive understanding of the financial implications of a decision.

In contrast, Cost-Benefit Analysis (CBA) focuses on comparing the total expected costs against the total expected benefits of a decision over time, which may not encompass all expenditures or the entire life cycle of an asset. Return on Investment (ROI) quantifies the profitability of an investment but often looks at a narrower timeframe or specific financial gains rather than holistic long-term expenditures. Financial Risk Assessment (FRA) evaluates the potential risks associated with financial decisions and does not specifically analyze costs over the life cycle of an asset. Thus, Life Cycle Costing is the best term for the comprehensive analysis of long-term financial decisions.