Examlex
A high-performance work system may be described as a specific combination of human resource practices that maximizes the knowledge, skills, abilities, flexibility, and commitment of employees.
Subcontracting
The practice of assigning part of the obligations and tasks of a contract to another party, often to specialize or expedite processes.
Initial Inventory
The amount of stock a company has on hand at the beginning of a financial or inventory period.
Regular Time Cost
The cost associated with normal operating hours or work performed during standard working times, excluding overtime or premium pay rates.
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