Modular Design Can Only Be Applicable to Tangible Products Because

question 21

True/False

Modular design can only be applicable to tangible products because services cannot be put together in that way.

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Definitions:

Pledging Agreement

A contract in which a borrower pledges an asset as collateral for a loan, ensuring the lender can seize the asset if the loan is not repaid.

Account Receivable

Money owed to a business by its clients or customers for goods or services delivered or used but not yet paid for.

Excess Cash

The amount of cash holdings that exceeds what a company requires for its immediate operational needs, often considered for investment or distribution.

Little Return

A situation where an investment yields a minimal profit, often below the expectations of the investor.