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.
Define prefect. prefect synonyms, prefect pronunciation, prefect translation, English dictionary definition of prefect. n. 1. A high administrative official or chief officer, as: a. Any of several high military or civil officials in ancient Rome. b. The chief of police of...