More Than Half of All Debtors Seeking Help at the National

question 52

True/False

More than half of all debtors seeking help at the National Foundation for Credit were between the ages of 18 and 32.

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Definitions:

Idle Time

The period of time when resources, such as employees or machines, are available but not in use or producing, often resulting in inefficiency.

Overhead

All indirect costs of running a business that cannot be directly attributed to a specific product or service.

Equipment Breakdown

The failure or malfunction of machinery or equipment, interrupting regular operations.

On-costs

Additional costs beyond basic salaries that include items like payroll taxes, superannuation, and workers' compensation.