Committed resources are acquired in advance of usage, through implicit contracting.

Name: Committed resources are acquired in advance of usage, through implicit contracting.
Brand: Quizplus
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Committed resources are typically acquired through implicit contracting, where a company commits to using a certain amount of resources for a specified period of time, even though they may not yet have an immediate need for them. This can include things like long-term lease agreements or pre-purchasing of materials.

Committed Resources Are Acquired in Advance of Usage, Through Implicit