Examlex
The operating system simplifies working with documents and programs, transferring data between documents, interacting with the different components of the computer, and using the computer to access information on the Internet or an intranet.
Management By Exception
A management strategy where leadership steps in only when performance deviates significantly from standards, focusing on the exceptions rather than routine operations.
Price Variance
The difference between the actual price paid for something and its standard or expected price, often analyzed in cost accounting.
Quantity Variance
The difference between the expected and actual quantity of materials used in production, reflecting efficiency in material usage.
Direct Materials
The raw materials directly used in the manufacturing of a product.
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