Examlex
Which of the following is not a key element of performance management?
Regular Machines
Machines that perform operations under a set of defined rules and conditions without the need for human intervention, typically used in manufacturing and automation.
Objective Function
A mathematical function representing the goal of an optimization problem, typically minimized or maximized.
Total Cost
Total cost is the sum of all expenses incurred in the production of goods or services, including fixed and variable costs.
Total Profit
The overall financial gain achieved from a business activity after subtracting all costs and expenses.
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