Upgrading assets by substituting new assets for older ones is an example of an investment decision.

Name: Upgrading assets by substituting new assets for older ones is an example of an investment decision.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Upgrading assets involves allocating resources towards acquiring new assets that are expected to be more efficient or effective than the old ones. This is typically done with the aim of generating higher returns in the long run, which falls under the category of investment decisions.

Upgrading Assets by Substituting New Assets for Older Ones Is