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In balancing an assembly line, workstation cycle time has to be less than the time between successive units coming off the end of the line.
Planning
The process of setting objectives and determining how to accomplish them.
Managerial Accounting Information
Financial data and reports that are used by a company's management team to make informed operational and strategic decisions.
Reporting Standard
Guidelines and rules that organizations follow to maintain uniformity and transparency in financial reporting.
Relevance
The quality of information that indicates the information makes a difference in a decision.
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