Examlex
To reduce the risk of theft by an employee, a business should have one employee who receives the cash for the cash drawer, accepts cash payments and makes change, and performs the cash drawer balancing at the end of the day
Break-even Point
The break-even point is the point at which total costs equal total revenue, meaning that a business or project is neither making a profit nor suffering a loss.
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations with its current assets.
Net Margin
A profitability metric calculated as net income divided by revenue, expressing the percentage of revenue that remains as profit after all expenses are deducted.
ISO 9000
A set of international standards on quality management and quality assurance developed to help companies effectively document the quality system elements required for maintaining an efficient quality system.
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