Life-cycle assessment: Group of answer choices Is a design discipline used to minimize the environmental impacts of products, technologies, materials, processes, industrial systems, activities, and services. Involves the recording of stocks of natural capital over time, with changes in stock levels used as an indicator of the quality of the natural environment. Assumes that activities related to products, services, and customers cause the costs. Allocates all direct and indirect costs to a product or product line for inventory valuation, profitability analysis, and pricing decisions