Examlex
Write the meaning of the abbreviation on the line.
-STM ___________________________
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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