Examlex
What is an association relationship and how does it differ from an N:M relationship?
Direct Labour
The workforce directly involved in the manufacturing or production process.
Net Operating Income
Net operating income is the total profit of a business after subtracting operating expenses but before deducting taxes and interest charges.
Target Costing
A pricing method that involves reversing the traditional cost-plus formula to determine allowable costs based on market price and desired profit.
Cost-consciousness
An awareness and consideration of cost and expenditure in decision-making processes to minimize expenses and enhance efficiency.
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