Examlex
High availability occurs when a system is continuously operational at all times.
Actual Price
The real price at which a transaction occurs, distinct from list or estimated prices, reflecting the amount paid or received in a transaction.
Standard Price
A predetermined cost attributed to materials, labor, and overhead to facilitate budgeting and variance analysis.
Efficiency Standard
A benchmark for measuring the optimal use of resources in the production of goods or the delivery of services.
100% Efficiency
A theoretical situation where all resources are utilized to their maximum capacity without any waste, often used as a benchmark or target in productivity and operations management.
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