Examlex
The system of governing an organization so that the interests of corporate owners are protected refers to corporate governance.
Opportunity Cost
The cost of foregoing the next best alternative when making a decision, representing the benefits one could have received by choosing a different option.
Net Present Value
The difference between the present value of cash inflows and the present value of cash outflows over a period of time.
Direct Labor Efficiency
A measure of the productivity of workers involved directly in manufacturing, calculated as actual hours worked versus standard hours.
Direct Labor Price
Refers to the rate paid for the labor directly involved in the production of goods or services.
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