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Refer to the figure above.If a common standard for workplace exposure were set at r1
Balanced Scorecard
A strategic planning and management system used to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organizational performance against strategic goals.
Return on Investment (ROI)
An evaluation metric that assesses the effectiveness or financial gain of an investment by dividing the net earnings by the initial investment cost.
Residual Income
The net operating income that an investment center earns above the minimum required return on its operating assets.
Non-Value-Added Time
Time spent on production or administrative activities that do not contribute to the customer's value perception of the product or service.
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