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What are the three steps in the master budgeting process?
Labour Hours
The total number of hours worked by employees, often used as a measure of labor cost or productivity in various contexts.
Learning Curve
The graphical representation of how an individual's or organization's performance improves over time as they gain experience or efficiency in a task.
Assembly Time
The total time required to assemble a product from start to finish, including all manual and automated processes.
Learning Percentage
A measure indicating the rate at which performance or productivity improves due to learning and increased proficiency over time.
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