Examlex
One of the internal control benefits of storing data in a relational databaseis multiple versions of entries may repeat customer details, thus cutting down on errors.
Ceteris Paribus
A Latin phrase meaning "all other things being equal," used in economics to isolate the effect of one variable on another.
Profit-Maximizing
A strategy or point at which a firm reaches the maximum possible profit with its current resources and constraints.
Fixed Cost
Expenses that do not change with the level of output or sales, such as rent or salaries.
Variable Cost
Expenses that change in proportion to the level of production or sales activities of a company, such as raw materials and direct labor costs.
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