JCO Definition

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JCO is Justification for Continued Operation.

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TOP-DOWN BUDGETING is where budgets are created by starting from the highest level working towards the bottom using parametric relationships. A monetary value is placed on an individual unit (product, service, materials, and labor hour). An estimate of the number of units required is then converted to currency by multiplying the quantity of units by the unit price.

BREAK-EVEN SALES see BREAK-EVEN POINT.

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