Examlex
An algorithm refers to a set of instructions that completes a task.
Allowance Factor
A factor used in planning and estimation to account for potential deviations from standard conditions or expected performance.
Normal Time
The amount of time typically required to complete a process or task under normal conditions, often used in planning and scheduling.
Standard Time
The established timeframe set to complete a specific task or process under normal conditions.
Labour Standards
The established amount of time required to perform a task, based on measurements of work performance, used for planning and payroll purposes.
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