The First Private Security Operation Was Established to Ensure Railway

question 6

True/False

The first private security operation was established to ensure railway security.

---

Definitions:

Labor Standards

Benchmarks for the amount of labor time required to perform specific tasks, used for budgeting, scheduling, and performance evaluation.

Last Month Data

Information or statistics pertaining to the previous month, often used in analysis and decision-making processes.

Labor Rate Variance

The difference between the actual cost of labor and the expected (or budgeted) cost.

Actual Results

The real outcomes or results achieved and recorded after a particular period or activity, often compared against planned or forecasted results.