Examlex
Airlines make use of ____________ systems, based on telephone or Web site reservations. This provides enormous cost savings for airlines because it reduces ____________.
Cycle Time
The total time from the beginning to the end of a process, operation, or cycle, often used to assess efficiency and productivity in manufacturing and other processes.
Raw Materials
Basic materials from which products are made, typically extracted natural resources or agricultural products.
Finished Good
A product that has completed the manufacturing process and is ready for sale to consumers or other buyers.
Internal Auditing
The independent and objective evaluation of an organization's financial and operational activities, typically performed by in-house staff.
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