Reliability Efforts, Such as Reliability Centered Maintenance (REM), Can Be

question 105

Multiple Choice

Reliability efforts, such as reliability centered maintenance (REM) , can be linked with RBI, resulting in an integrated program to

• A) Reduce downtime in an operating unit
• B) Reduce operating time of a unit
• C) To reduce risk by mitigation activities

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Definitions:

Liabilities

Liabilities represent the financial obligations a company owes to outside parties, such as debt and accounts payable.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, indicating the net value owned by the shareholders.

Loan

A sum of money that is borrowed and expected to be paid back with interest by the borrower to the lender.

Accounting Equation

The foundational formula in accounting that states assets equal liabilities plus owners' equity, essentially showing what the company owns is financed by debt and shareholders' equity.