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Constructive nonconformity
Balanced Scorecard
A strategic planning and management system used for aligning business activities to the vision and strategy of the organization, improving internal and external communications, and monitoring organizational performance against strategic goals.
Cost of Goods Sold
The direct costs attributed to the production of the goods sold in a company, including both materials and labor.
Standard Costs
Predetermined costs for the production of goods or services, used as benchmarks to measure actual production costs and performance efficiency.
Variances
The differences between expected and actual figures in budgeting and accounting, which can indicate over or under performance.
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