overhead indirect expenses | regular and necessary cost involved in operatinga business | |
net income/net profit | the excess of all revenues in a period over all expenses an loses | |
vehichle | amortized means of land transport for people or goods | |
quota | a maximum quantity of a specific good that can be imported into a country | |
peg | to fix the value of a currency to another currency or gold | |
utilities | public service infrastuctures, such as those providing water, electricity and gas | |
variabe costs | production cost which change in proportion to the volume of production | |
prime cost/direct cost | the cost of raw materials and labour involved in manufacturing | |
scrap value | the price at whichan asset can be sold at the end of its useful life | |
input | smth that is put into a system or process and transformed into an output | |
output | smth produced by a system or process the quantity of goods and services produced by a company | |