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Full-time equivalent. Full-time equivalent ( FTE ), or whole time equivalent ( WTE ), is a unit of measurement that indicates the workload of an employed person (or student) in a way that makes workloads or class loads comparable across various contexts. [ 1] FTE is often used to measure a worker's or student's involvement in a project, or to ...
Exponential growth is a process that increases quantity over time at an ever-increasing rate. It occurs when the instantaneous rate of change (that is, the derivative) of a quantity with respect to time is proportional to the quantity itself. Described as a function, a quantity undergoing exponential growth is an exponential function of time ...
The modern 24-hour clock is the convention of timekeeping in which the day runs from midnight to midnight and is divided into 24 hours. This is indicated by the hours (and minutes) passed since midnight, from 00 (:00) to 23 (:59), with 24 (:00) as an option to indicate the end of the day. This system, as opposed to the 12-hour clock, is the ...
In Marxian economics, surplus value is the difference between the amount raised through a sale of a product and the amount it cost to manufacture it: i.e. the amount raised through sale of the product minus the cost of the materials, plant and labour power. The concept originated in Ricardian socialism, with the term "surplus value" itself ...
The half dollar was changed from 90% silver to 40%. [18] Congress passed the Coinage Act of 1965 in July. [19] The new half dollars retained their silvery appearance, due to the outer layer being 80% silver and 20% copper. The coin was also minted with an inner layer of 21% silver and 79% copper.
The Break-Even Point. The break-even point (BEP) in economics, business —and specifically cost accounting —is the point at which total cost and total revenue are equal, i.e. "even". In layman's terms, after all costs are paid for there is neither profit nor loss. [ 1][ 2] In economics specifically, the term has a broader definition; even if ...
Say you earn an income of $2,000 a month. Following the 50/30/20 rule would mean allocating $1,000 to needs, $600 to wants and $400 to savings or high-interest debt. But if your monthly rent and ...
Unix time[ a] is a date and time representation widely used in computing. It measures time by the number of non- leap seconds that have elapsed since 00:00:00 UTC on 1st January 1970, the Unix epoch. In modern computing, values are sometimes stored with higher granularity, such as microseconds or nanoseconds .