Examlex
Which of the following is a possible explanation for the reason that American steelmakers continued to invest in less efficient OH technology instead of newer more efficient BOF technology throughout the 1950s?
Bought Supplies
The action of acquiring supplies for a business or personal use, often recorded as an expense.
Equipment
Items of property intended for long-term use in the operation of a business, such as machinery and furniture.
Liability Account
An account representing an obligation or amount owed by a business to others, such as loans, accounts payable, or mortgages.
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