Examlex
Simulation models are particularly useful for
Per Unit
A term used to describe the measurement or pricing of something in individual units or on a per-item basis.
FICA
Federal Insurance Contributions Act, a U.S. law requiring a deduction from employees’ paychecks and employer contributions to fund Social Security and Medicare.
Economic Analysis
The systematic approach to determining the optimum use of scarce resources, involving comparison of two or more alternatives in achieving specific objectives.
Workers Pay
The compensation, including wages, salaries, and benefits, that an employee receives from an employer in exchange for their labor.
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