Examlex
Scalability means that the capacity of a piece of equipment can be increased by adding new hardware.
Standard Cost
A predetermined cost of manufacturing, servicing, or marketing goods, used as a benchmark to measure performance.
External Financial Statement Reporting
The process of preparing and disclosing financial statements to external stakeholders, such as investors, creditors, and regulatory bodies, to provide insight into a company's financial health.
Generally Accepted Accounting Principles
A set of rules and standards for financial reporting that companies in the U.S. must adhere to.
Gross Profit
The financial gain made after deducting the cost of goods sold from total revenue.
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