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Erythrocytes
Labour Efficiency
The measure of the output generated by employees in relation to the time and resources used, indicating the productivity of labor.
Overtime Hours
Hours worked by employees that exceed the standard working hours, often compensated at a higher pay rate.
Statistical Control Chart
A tool used in statistical quality control to monitor, control, and improve the process quality by plotting data points over time and determining whether they fall within a specified control limit.
Labour Efficiency Variance
The deviation in actual labor usage compared to what was expected or budgeted, impacting the cost-efficiency and profitability of production.
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