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W. I. Thomas famously argued that "if men define situations as real,
Chargeout Rates
The rates charged to clients for services, often reflecting labor, overheads, and a margin for profit, used by consultancy and service-based businesses.
Billable Hour
The amount of time spent on a specific client's project that can be charged to that client, commonly used in legal and consulting services.
Realisation Rate
The percentage of billable hours or the revenue earned out of the total available hours or potential revenue, often used to measure the efficiency and profitability of professional services.
Chargeout Rate
The price charged by a business or professional for their services, often calculated to cover costs and generate profit.
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