Examlex
What specific type of mechanism should be utilized by all types of training to provide input from participants on the training's effectiveness so that any needed modifications can be made for future training?
Financial Measures
Metrics used to assess a company's performance in terms of profitability, liquidity, solvency, and operational efficiency.
Bottleneck
A point of congestion or blockage in a production system that significantly reduces efficiency.
Theory of Constraints
A management philosophy focusing on identifying and relieving bottlenecks in processes to improve performance.
External Failure Cost
Costs incurred when a product fails to meet quality standards after it is delivered to the customer, including returns, repairs, and lost reputation.
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