Examlex
Organizational behavior modification (OBM) is a plan for managing the behavior of employees through an informal system of feedback and reinforcement.
Fixed Cost
Costs that remain constant regardless of the amount of output or sales, like lease payments, wages, and insurance fees.
High-Low Method
A technique used in cost accounting to determine variable and fixed costs based on the highest and lowest levels of activity.
Machine Hours
A measure of the amount of time a machine is in operation, used as a basis for allocating manufacturing overhead to products.
Electrical Cost
The expense incurred from the consumption of electricity by a business or home.
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