Examlex
The MIC is the smallest concentration of an antimicrobic required to inhibit the growth of the microbe.
Variable Expenses
Expenses that vary in direct proportion to changes in an activity or production level, similar to variable costs.
Fixed Costs
These are expenses that do not change with changes in the production volume or sales, such as rent, salaries, and insurance.
Net Income
The residue of all revenues and gains minus all expenses and losses for a period, often known as the bottom line.
Sales
The total amount of income generated by the selling of goods or services by a company during a certain period.
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