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What is the difference between a passive and an active alarm system?
Aggregate Planning
A process by which a company determines ideal levels of capacity, production, subcontracting, inventory, and labor for medium-term future periods to meet forecasted demand.
Overtime
Additional time worked by an employee beyond the normal or legally defined working hours, usually compensated at a higher pay rate.
Subcontracting
The practice of assigning parts of a project or job to outside companies or specialists to capitalize on efficiency and expertise.
Regular Time
The standard hours that an employee is scheduled to work, excluding overtime or abnormal schedules.
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