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European options can only be exercised on the expiration date.
Prevention Cost
Costs incurred to avoid producing defective products, including expenses related to quality training, equipment maintenance, and process improvement.
Quality Cost Report
A document summarizing the costs associated with preventing, detecting, and rectifying product defects, including the costs of quality control measures.
Manufacturing Cycle Efficiency
A metric that measures the ratio of productive manufacturing time to total cycle time, aiming to assess production efficiency.
Increase
A rise in quantity, value, or some other measure, indicating growth or expansion.
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