Examlex
Discuss the evolution of quality management into a quality management system, including key figures and their contributions.
Additions and Improvements
Capital expenditures made to increase the value of existing assets, often leading to a longer useful life or increased functionality.
Operating Efficiency
A measure of a company's ability to minimize costs and maximize output during its operations.
Productive Capacity
The maximum output a company can produce using its existing resources in a given period, without sacrificing quality.
Units-of-Activity Method
A depreciation method that allocates the cost of an asset over its useful life based on units of production or usage rather than time.
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