Examlex
ADMAX or administrative maximum is the term used by the federal government to denote:
Required Rate of Return
The minimum expected rate of return on an investment that makes it acceptable to an investor, based on the investment's risk level.
Housekeeping Department
A division within a business, particularly in the hospitality industry, responsible for maintaining cleanliness, order, and hygiene in rooms and public areas.
Operating Departments
Divisions within a company that are directly involved in performing the primary business activities, contrasting with support or administrative departments.
Labor-hours
Labor-hours represent the total hours worked by employees, used as a measure in allocating labor costs to products or services.
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