Examlex
In Calvinism,the Eucharist rather than the sermon was the center of worship.
Opportunity Cost
The potential benefit that is given up when one alternative is selected over another.
Variable Selling
Variable selling costs are expenses that fluctuate with sales volume, such as commissions and credit card fees, which increase as sales increase.
Administrative Expense
Costs related to the general administration of a business, such as salaries of executive officers and costs of the head office.
Direct Labour
The wages or salaries paid to employees directly involved in producing goods or providing services.
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