ENGINEERED COSTS are those costs having a clear linkage to output, e.g., direct materials costs.
PASSIVE ACTIVITY is defined in the US Tax Code as one or more trades, business or rental activity that the taxpayer does not materially participate in managing or running. All income and losses from passive activities are grouped together on an income tax return and, generally, loss deductions are limited or suspended until the passive activity that generated them is disposed of in its entirety.
FLAT LEASE is a lease where the cost is fixed for a specific period of time.
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