Examlex
The disparity in salaries is clearly reflected in the fact that the average executive compensation for a major company was $10.4 million, compared to about $38,000 that the average worker was compensated.
General Accounting System
The underlying system and processes used to record, classify, and report on financial transactions and conditions, ensuring accuracy and compliance with regulations.
Manufacturing Company
A type of business that produces finished goods from raw materials through the use of labor, machinery, and equipment, oftentimes in a systematic and standardized process.
Job Order Production
A production system where products are manufactured based on specific orders rather than mass production.
Mass Production
The large-scale manufacturing of goods using standardized designs and assembly-line techniques to achieve greater efficiency.
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