BARREL OF OIL EQUIVALENT - BOE
A term employed to abbreviate the amount of energy equal to the amount of energy which can be acquired from a barrel of crude oil. There are 42 gallons (an estimate of 159 liters) in an oil barrel, which will contain an approximate of 1,700 kilowatt hours (kWh) or 5.8 million British Thermal Units (Mbtus).
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Property Tax
Local governments assess property tax on real estates. The tax is often based on the property’s value.
Onerous Contract
A contract that produces products or services for a bigger amount that would be anticipated profit. A lease contract is an example of onerous contr ...
Overhead
It is an accounting term that refers to all current business expenses not including o direct labor, direct materials or third-party expenses which ...
Substitute
Product or service replacing and satisfying the need of a consumer. This can be perfect or imperfect, depending on whether the substitute partially ...
Materials Requirement Planning - MRP
A production planning and inventory control system designed to manage manufacturing processes and production. A software based integrated informati ...
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