Examlex
In an organization characterized by decentralized authority,top management delegates decision-making authority to middle and supervisory management.
Variable Costs
Costs that vary directly with the level of production or sales volume, such as raw materials and direct labor.
Net Operating Income
The profit generated from a company's everyday business operations, calculated by subtracting operating expenses from the gross income.
Budgeting
The process of creating a financial plan for a defined period, usually a year, which includes revenue forecasts and expense allocations.
Tenant-days
A measure used in the hospitality or real estate industry to calculate the total number of days all units were occupied by tenants.
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