Examlex
The Constitution sets age eligibility requirements for the president at 40 years.
Selling Expenses
Costs incurred directly and indirectly in making sales, including salaries, commission, advertising, and promotional materials.
Administrative Expenses
Operating expenses not directly tied to the production of goods or services, such as salaries of administrative staff, office supplies, and utilities.
Contribution Margin
The amount by which sales revenue exceeds variable costs. It represents the portion of sales that helps to cover fixed costs.
Bottleneck Hour
The time period in a production process where the flow is constricted due to limitations in capacity or resources, causing delays.
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