Examlex
A professor was given a warning after he made a bad joke about Princess Diana shortly after her death. Students were likely upset because they saw Princess Di as a profane character worthy of special attention and respect.
Marginal Product
The extra yield generated from the utilization of one additional unit of a certain input while maintaining the levels of all other inputs unchanged.
Labor Hours
The total number of hours worked by all employees of a company.
Acceptance
In contract law, the offeree's indication to the offeror that the offeree agrees to be bound by the terms of the offeror’s offer or proposal to form a contract.
Offer
A promise or commitment to do or refrain from doing some specified thing in the future.
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