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How is data collection in nonprofits different from that of for-profit organizations?
Labour Hours
The total number of hours worked by employees during a specific period, usually considered for costing or productivity analysis.
Operations Management
The area of management concerned with designing, overseeing, and controlling the process of production and redesigning business operations in the production of goods or services.
Contribution Margins
The amount by which a product's selling price exceeds its total variable costs, indicating the portion of sales that contributes to covering fixed costs.
Machine Hours
A measure of production time, representing the total hours a machine is operated within a specific period for manufacturing purposes.
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