When a Business Is Considering Whether to Replace Old Equipment

question 99

True/False

When a business is considering whether to replace old equipment with newer equipment, the cost of operating the old equipment-compared to the cost of operating the new equipment-is information relevant to the business decision.

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Definitions:

Energy-efficiency

The goal or method of reducing the amount of energy required to provide products and services.

Ecologically Sustainable

Practices and processes that preserve environmental resources for future generations while meeting current needs.

Renewable Energy

Energy from resources that are naturally replenishing, such as solar, wind, water, and geothermal heat.

Short-termism

The concentration on short-term projects or objectives for immediate profit at the expense of long-term security.