Examlex
The denominator in the formula for return on investment calculation is
Methods Time Measurement (MTM)
A predetermined motion time system that analyzes the motions involved in performing a task and sets standard times for tasks, facilitating efficient work processes and time management.
Complex Motions
Intricate or complicated movements, often referring to those required in manufacturing or robotic processes.
Sampling
The process of selecting a subset of individuals or items from a larger population to estimate characteristics of the whole population.
Hawthorne Studies
A series of studies conducted in the early 20th century that examined how various factors in the workplace affected worker productivity, leading to insights in organizational psychology.
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