Nominal Wages, Nonconforming, Non-Contributory, Non Controllable Cost

Nominal Wages, Nonconforming, Non-Contributory, Non Controllable Cost :

Nominal Wages : A wage given to a person without taking into consideration the purchasing power of that wage

Nonconforming : when a particular act is committed without it being in agreement with the general rules and regulations of the land, for example, a commercial complex in the middle of a residential block

Non-Contributory : a company’s medical, life or retirement plan that is totally sponsored by the employer

Non Controllable Cost : those expenses that cannot be either controlled or influenced by a particular person or circumstances. These costs are generally omitted while calculating the expenses, for example, no body can hold the supervisor responsible for the rent.

Nominal Wages

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