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When additional insiders are added to outsider-dominated boards,CEO dismissal is more likely when corporate performance declines.
Variable Manufacturing Overhead
Costs in manufacturing that vary with the level of production output, such as utilities or materials used in production.
Efficiency
The ratio of the output gained from a system to the input used, often used to evaluate the performance of a business operation or machine.
Standard Price
A pre-determined cost that is often used in budgeting and financial planning, serving as a benchmark for performance evaluation.
Direct Materials
Materials that become an integral part of a finished product and whose costs can be conveniently traced to it.
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