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In his The Consolation of Philosophy, Boethius stated a basic tenet of classical humanism when he said
Direct Labour
The wages or salaries paid to employees who are directly involved in the manufacturing or production of goods.
Bottleneck Operations
Stages in the production process that limit the overall output because they have a lower capacity compared to other stages.
Contribution Margin
The amount remaining from sales revenue after variable costs have been deducted, indicating how much contributes to covering fixed costs and generating profit.
Constrained Resources
Resources that limit the company's ability to produce goods or services, often resulting in bottlenecks in the production process.
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