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Part II of the GRI Sustainability Guidelines defines which one of the following?
Scrap Value
Scrap value is the estimated residual value of an asset at the end of its useful life, often considered when calculating depreciation.
Financial Advantage
The benefit obtained in financial terms, which can be through gains in revenues, reductions in costs, or improved profitability.
Reworked Material
Materials that have been corrected or modified after initial processing to meet the required standards.
Avoidable Costs
These are expenses that can be eliminated if a particular decision is made or if a certain action is avoided.
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