Examlex
A mineral is a naturally occurring inorganic solid. It possesses a definite chemical structure, which gives it a unique set of physical properties. When the term mineral is used by geologists, only those substances that fulfill these precise conditions are considered minerals. Consequently, synthetic diamonds, although chemically the same as natural diamonds, are not considered minerals. Frederick K. Lutgens, et al., Foundations of Earth Science, 6th ed.
Wells Serviced
The number of oil or gas wells that have undergone maintenance, repair, or other services by a company.
Revenue Variance
The difference between the actual revenue earned and the expected or budgeted revenue.
Fixed Costs
Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and insurance.
Variable Costs
Expenses that fluctuate in direct proportion to the production or sales volume, for instance, direct labor and raw materials.
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