What Is a Nonequity Arrangement

question 13

Essay

What is a nonequity arrangement
Define the two major types of nonequity arrangements: licensing and turn-key projects,and give at least one advantage and disadvantage for each.

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Definitions:

Reactive Power

The component of electrical power that does not result in useful work, measured in VARs (volt-amps reactive), and is generated by reactive components like capacitors and inductors.

Inductive Reactance

A measure of the opposition that an inductor presents to alternating current, due to the magnetic field created by the current.

Capacitive Reactance

The resistance that a capacitor offers to alternating current, depending on the frequency of the current and the capacitor value, measured in ohms.

AC Circuit

A circuit in which the current changes direction periodically, powered by an alternating voltage source.