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What does <String> specify in the following statement? ArrayList<String> nameList = new ArrayList<String>() ;
Investment Equipment
Assets purchased for the purpose of generating income, often through productive use in a business's operations.
Operating Assets
Cash, accounts receivable, inventory, plant and equipment, and all other assets held for operating purposes.
Payback Period
The length of time required for an investment to recover its initial outlay in terms of profits or savings.
Operating Costs
Expenses associated with the daily operations of a business, including rent, utilities, and payroll, but excluding costs directly related to production.
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