Examlex
A return on investment ratio of 1:.50 means that for every 50 cents invested in a training program,$1.00 will be returned to the company.
Cost Effective
Cost-effective refers to an action that provides the best possible outcome for the least amount of money, maximizing the benefits relative to its costs.
Breakdown Maintenance
Maintenance performed after equipment failure or breakdown to restore it to operational condition.
Two-Component Process
A process consisting of two distinct parts or stages that together complete a task or produce a product.
Success Rate
The percentage of attempts or operations that are successful, often used as a measure of efficiency or effectiveness.
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