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-Brian was training to run a marathon. During the three-day period before the race he decided that he would train for a total of 12 hours. If he trained for hours on the first day and hours on the second day, how many hours would he need to train on the third day?
Learning Curve
The concept that describes how new skills or knowledge can be acquired more efficiently over time with practice and experience.
Direct Labor Costs
Expenses related to the work of employees who are directly involved in the production of goods or the delivery of services.
Portfolio Analysis
A systematic process of evaluating the elements of a portfolio, assessing their performance, risk, and interrelations, to inform strategic decisions and optimize returns.
Spend Map
A visual representation that depicts an organization's expenditure across different departments, suppliers, or categories, often used to identify cost-saving opportunities.
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