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Capacity Is the Minimum Amount of Output That a System

question 72

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Capacity is the minimum amount of output that a system can produce in a sustained manner over a year.


Definitions:

Concurrent Conditions

Circumstances where two or more conditions must occur at the same time for a contract or agreement to be fully enforceable.

Conditions Precedent

Requirements that must be met before a contract becomes effective or before certain actions can be taken.

Conditions Subsequent

Conditions that must be met after a contract has been executed in order for the contract to remain effective.

Condition Precedent

A specific event or action that must occur before a contract becomes binding or a party is required to perform their contractual obligations.

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