Long-Term Expenditures Are Usually More Carefully Planned Than Short-Term Outlays

question 112

Short Answer

Long-term expenditures are usually more carefully planned than short-term outlays because
they represent a binding commitment of company funds that continues long into the future.
they are usually sold at high-profit margins.
they can be used to pay off accounts payable.
the expenditures must finance items that are easily liquidated.
all of these.

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Definitions:

Commitment

implies a pledge or promise to do something, often requiring dedication and loyalty.

Sternberg's Triangular Theory

A theory of love proposed by psychologist Robert Sternberg, which posits that love consists of three components: intimacy, passion, and commitment.

Empty Love

A term often used in psychology to describe a relationship where commitment is present but intimacy and passion are lacking.

Companionate Love

A form of love characterized by deep affection, friendship, and emotional intimacy, usually present in long-term relationships.