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153 MANAGEMENT


 F: GESTION
S: ADMINISTRATION


The formulation and execution of a plan involving the use of
RESOURCES and situations in order to produce OUTPUT for the
satisfaction of prespecified goals.


154 MANAGEMENT PERFORMANCE CRITERIA


 F: CRITERES DE OESTION
S: CRITERIOS DE ADMINISTRATION


Set of technical, economic and/or financial elements, expressed in
ratio, percentage or absolute terms, that enable an analyst or the
FARMER to assess managerial performance. COMPARATIVE ANALYSIS
will generally involve such criteria. Some examples of such
criteria are EQUITY RATIO, RETURN TO FAMILY LABOUR and RETURN TO
TOTAL CAPITAL.


155 MARGINAL COST


F: COURT MARGINAL
S: COSTO MARGINAL


The increase in VARIABLE COST which would occur if one more unit
of output were to be produced.


156 MARGINAL NET BENEFIT


F: PRODUIT MARGINAL DE SUBSTITUTION
 S: BENEFICIO NETO MARGINAL


The increase in NET BENEFIT which can be obtained by changing from
one production alternative to another. It is often measured
relative to adding a marginal unit of INPUT.


157 MARGINAL OPPORTUNITY COST


 F: COUT D'OPPORTUNITE MARGINAL
8: COSTO MARGINAL DE OPORTUNIDAD


The value of including an additional unit of a given ACTIVITY in
the farm plan.


F: PRODUIT MARGINAL
S: PRODUCT MARGINAL


The marginal product of an input is the change in OUTPUT arising
from using an additional unit of INPUT.


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158 MARGINAL PRODUCT