The Dictionary of Occupational Titles, a Listing of More Than

question 80

True/False

The Dictionary of Occupational Titles, a listing of more than 20,000 job titles and descriptions, is a useful tool for getting a small business owner started when writing job descriptions.

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Definitions:

Net 45

A payment term indicating the buyer must complete payment within 45 days from the invoice date.

Break-Even Point

The point at which total costs and total revenues are equal, meaning there is no net loss or gain.

Variable Cost

Costs that vary directly with the level of production or output, such as materials and labor expenses.

Monthly Interest Rate

The interest rate applicable to an investment or loan on a monthly basis.