Examlex
Nearshore outsourcing occurs when using organizations from developing countries to write code and develop systems. In offshore outsourcing the country is geographically far away.
Square Feet
A unit of area measurement equal to a square that is one foot on each side, commonly used in real estate and interior planning.
Indirect Materials
Materials used in the support of the production process that are not easily traced to specific products, essential for maintaining production equipment.
Favorable Variance
A financial term indicating that actual costs were less or actual revenues were more than what was budgeted or forecasted.
Variable Cost
Variable costs vary directly with the level of production output, including expenses like raw materials and direct labor.
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