Relevant Range of Operations. The relevant range of operations is the normal or average scope of business activities. In the other words, the relevant range of operations is the average volume of sales and production that a business experiences outside of extreme economic prosperity and depression.
Definition of prefecture. 1  1 : the office or term of office of a prefect. 2  2 : the official residence of a prefect. 3  3 : the district governed by a prefect.
Definition. A city, town, village, or county that has been incorporated by a state and is authorized to administer local, governmental affairs, e.g. to establish a police force. A municipal corporation is created by a state's legislature which also controls, inter alia, its duration, rights, and powers.