Examlex
Workers cannot be disciplined or discharged for participating in unfair labor practice strikes even if the NLRB ultimately determines that the employer is innocent of any wrong-doing.
Normal Capacity
The average level of operational output or activity that a company can sustain over a long period, considering fluctuations in demand and maintenance schedules.
Cost Variance
The difference between the actual cost and the standard or planned cost in a budget.
Standard Cost
A predetermined cost of manufacturing, selling, or any other business activity, used for budgeting and performance evaluation.
Actual Cost
The actual expense incurred to acquire an asset or service, including all amounts spent to bring the item to a usable condition and location.
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