Examlex
If interest rates rise, the prices of existing bonds increase.
Machine Setups
The process of preparing machines for a specific production run, involving adjustments and configurations specific to the product being manufactured.
Activity-Based Costing
A costing methodology that assigns costs to products or services based on the activities and resources that go into producing them, aiming for more accurate overhead allocation.
Labor-Related
Refers to factors or issues that pertain to the workforce or employment sector, including wages, working conditions, and labor laws.
Direct Labor-Hours (DLH)
The total hours worked by employees who are directly involved in the production process of goods or services.