Examlex
Which is not an excuse used by business owners to formally plan:
Hourly Rate
The amount of money paid for one hour of work.
Expected Value
The predicted value of a variable, calculated as the sum of all possible values each multiplied by the probability of its occurrence.
Salary Increase
The process of raising an employee's pay rate, typically as recognition for job performance, inflation adjustments, or promotion.
Probability
A quantitative assessment of an event's chances of happening, with values from 0 to 1 indicating the likelihood.
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