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Asset management is the direction and control of assets. It is a broad category of management that includes finance and business operations practices. On the operations side, asset management looks at maintaining and effectively utilizing assets to achieve business objectives. On the finance side, asset management views assets as investments with returns and associated risks. The following are common asset management terms.
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Assets are divided into various categories for the purposes of accounting, taxation and to measure the value or financial health of an entity.
A definition of field service with examples.
Assets that have no physical presence.
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