Examlex
Match each description to the appropriate term.
-the use of resources in different ways
Initial Cost
This is the amount required to start a project or investment, often encompassing purchase price, setup fees, and other initial expenses.
Technology Update
The process of implementing the latest technological advancements and improvements within a company or system to increase efficiency and competitiveness.
CCA Class
Refers to a category within the Capital Cost Allowance system in Canada, grouping assets with similar depreciation rates for tax purposes.
Net Present Value
The difference between the present value of cash inflows and outflows over a period of time for an investment.
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