Examlex
Qualitative data are more concerned with describing meaning than with drawing statistical inferences; what is lost in reliability (faulty transcription, forgotten details, and so forth) is gained in validity. Although qualitative data rely on judgments, they can still be manipulated numerically, much in the same way that quantitative data can be open to judgment.
Quality Measure
A standard or metric used to assess the degree of excellence of a product, service, or process.
Machine Downtime
The period during which a machine is not operational or productive, often due to maintenance, repairs, or technical failures.
Percentage Of Idle Time
The proportion of time that resources remain unutilized during the production process.
Balanced Scorecard
A strategic planning and management system used to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organizational performance against strategic goals.
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