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A smart grid delivers electricity using two-way digital technology and is meant to solve the problem of outdated electrical grids.
Avoidable Cost
Expenses that can be eliminated if a particular decision is made or if a business operation is discontinued.
Sunk Cost
Costs that have already been incurred and cannot be recovered or altered by any future action.
Eliminated
Removed or taken away, often used in the context of erasing a component or aspect in various fields such as finance, science, or competition.
Book Value
The net value of a company's assets as recorded on the balance sheet, minus its liabilities and the par value of any outstanding shares.
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