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What Does ≪String> Specify in the Following Statement? ArrayList<String> NameList

question 62

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What does <String> specify in the following statement? ArrayList<String> nameList = new ArrayList<String>() ;


Definitions:

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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