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Scheduling affects the performance of the system because it determines which processes will wait and which will progress.
Wage Rate
The amount of money paid to an employee per unit of time or per task performed, often expressed as an hourly rate.
Budget Equation
A mathematical representation summarizing the balance between an individual's or organization's income and expenditures.
Leisure
Free time available to a person away from duties, work, or other compulsory activities.
Nonlabor Income
Income received that does not originate from employment or work efforts, such as dividends, interest, or rental income.
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