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E > 0 and ΔG < 0 for a spontaneous process.
Capital Equipment Purchases
Expenditures made by a company to acquire or upgrade physical assets such as machinery or buildings.
Cash Budgeting
The process of planning and managing a company's cash inflows and outflows over a specific period of time, predicting its future cash position.
Carrying Costs
The expenses associated with holding inventory, including storage, insurance, taxes, and opportunity costs, which can affect a company's profitability.
Shortage Costs
Costs incurred when the demand for a product or service exceeds the supply, leading to potential loss of sales or customer dissatisfaction.
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