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.
A prefect was a type of military or civil official in Ancient Rome. Prefects ranged from low to very high-ranking military of civil officials of the Roman Empire. Since the days of the Roman Empire, the word prefect has spread to generally refer to a leader of an administrative area.