Limited liability
A legal structure where business owners or shareholders are only responsible for company debts up to the amount they invested. Their personal assets are protected. Itβs a key feature of corporations and limited liability companies (LLCs), reducing individual financial risk.
More Items
Life Cycle Costing
Life cycle costing analyses the total cost of owning, operating, maintaining, and disposing of an asset over its useful life.…
Labour Cost Variance
Labour cost variance measures the difference between the standard labour cost and the actual labour cost incurred. It helps identify…
Loan Covenant
A loan covenant is a condition or restriction set by lenders to ensure borrowers maintain financial discipline. Covenants may require…
This website uses cookies to improve your experience. You can accept all or reject non-essential cookies.