Examlex
The Fair Labor Standards Act includes the minimum wage laws.
Fixed Asset
Long-term tangible assets held for business use and not expected to be converted to cash in the current or upcoming fiscal year.
Long-Lived
Pertaining to assets, it refers to items that are expected to provide economic benefits over a prolonged period, generally exceeding one year.
Normal Operations
The regular, day-to-day activities carried out by a business to generate revenue and profit.
Insurance Costs
Expenses incurred by individuals or companies for purchasing insurance coverage, which offers financial protection against losses.
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