Examlex
Elena can mentally represent her neighborhood and describe the space to others. Elena's mental representation of her neighborhood is known as
Standby Passenger
Standby Passenger refers to a traveler who does not have a confirmed reservation for a flight and waits for an available seat to become free due to cancellations or no-shows.
Contribution Margin
Contribution margin is a financial metric that represents the amount of revenue from sales that exceeds variable costs, indicating the portion of sales revenue that contributes to covering fixed costs and generating profit.
Machine Hour
A unit of measurement for the operational use of a machine, implying the total time a machine is functional and available for production.
Markup Percentage
The proportion of the cost of goods that is added to cover the overhead and profit, which sets the selling price.
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