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The organisation wants to introduce new occupational health and safety procedures that are to be used when evacuating a building in case of fire.It is important that all employees participate in the training as this is a criterion on their performance appraisal.Which type of training would be best?
Actual Results
The real, measured outcomes of business activities, such as sales or production levels, compared to planned or forecasted results.
Standard Cost
A predetermined cost of manufacturing, selling, or any other business activity, used as a benchmark for measuring performance.
Labor Rate Variance
The difference between the actual labor cost incurred and the labor cost that was expected or budgeted, typically due to wage rate differences.
Labor Standards
Benchmarks for the amount of labor time required to perform specific tasks, used for budgeting, scheduling, and performance evaluation.
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