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Name and describe three leadership skills that can be exercised as a part of running an effective task meeting.
Direct Labour Hour
The amount of time spent by workers directly manufacturing a product, which is used as a basis for allocating production costs in cost accounting.
Static Budget
A budget based on a set level of activity or volume that does not adjust over the period for actual activity levels.
Standard Cost
A pre-determined estimate of the cost to produce a single unit or a number of units during a specific period.
Machine Hours
A measure of production time, calculating the total hours that machines are operated in the manufacturing process.
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