FLAT RATE Definition

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FLAT RATE is a per unit price that remains constant regardless of the volume purchased.

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JOB COSTING, generally, it is the allocation of all time, material and expenses to an individual project or job; specifically, JOB COSTING is normally software based and provides for budgeting, forecasting, collecting and reporting on the expenditure and revenue associated with specific projects or jobs.

TIME SERIES is an ordered sequence of values of a variable at equally spaced time intervals.

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