Examlex
____________________ programming means that the program is being developed without being connected to the process or driven equipment.
Currently Attainable Standards
Performance levels that can be achieved under current working conditions with reasonable effort.
Ideal Standards
Standards set based on the best possible conditions with no allowance for inefficiencies, used for benchmarking and goal-setting.
Price Variance
The difference between the actual price paid for a good or service and its expected price, often used in budgeting and cost control.
Quantity Variance
The difference between the actual quantity of materials or inputs used in production and the standard expected quantity, impacting costs.
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