Examlex
Explain the role of the IRB.
Labour Cost
The total expenditure incurred by employers to compensate their employees, including wages, benefits, and payroll taxes.
Labour Rate
The amount of money that is paid for a specific quantity of labor, often referred to as the wage rate.
Labour Hours
The total hours worked by employees in the production of goods or delivery of services.
Cash Balance
The total amount of cash or cash equivalents a company or individual has available at any given time.
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