Examlex
A direct labor efficiency variance is favorable if laborers actually work more hours than the flexible budget calls for to produce the actual quantity of output.
American Values
The fundamental beliefs and principles that are held to be important in the United States, including liberty, democracy, equality, and individualism.
Global Transmission
The worldwide spread or transfer of cultures, diseases, information, technologies, and other phenomena.
Industrial Capitalism
An economic system characterized by private or corporate ownership of capital goods, production for profit, and competitive markets.
Market
A system or environment where buyers and sellers interact to exchange goods, services, or information.
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