Examlex
Some critics who argue against unions in policing point out that those who contribute very little to the organization are protected, while those who strive for advancement are not rewarded for their efforts.
Output
The total amount of products or services produced by a company, industry, or economy within a specified period.
Fixed Costs
Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance, remaining constant regardless of the amount of output or sales.
Sunk Cost
A past expenditure that cannot be recovered and should not be considered when making future investment decisions.
Nonrefundable
A term used to describe payments or fees that cannot be returned to the payer under most circumstances.
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