Examlex
A quorum is the maximum number of people that can be at a meeting in order for business to be effectively conducted.
Unit Contribution Margin
The difference between the selling price per unit and the variable cost per unit, indicating how much each unit sold contributes towards fixed costs and profit.
Break-Even Analysis
An analytical process to determine at what point a business neither makes a profit nor incurs a loss, calculated by equating total costs with total revenues.
Production Supervisor
A production supervisor is responsible for overseeing the daily operations of manufacturing plants, ensuring that production schedules are met and quality standards are maintained.
Fixed Cost
Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance.
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