Examlex
Identify/define and explain the significance of the following: Copernicus.
Balanced Scorecard
A strategic planning and management system used for aligning business activities to the vision and strategy of the organization, improving internal and external communications, and monitoring organizational performance against strategic goals.
Inspection Time
The amount of time dedicated to examining and verifying the quality of products or materials.
Value-Added
The enhancement a company gives its product or service before offering the product to customers, adding value beyond the cost of the raw materials.
Balanced Scorecard
A strategic planning and management system used by organizations to communicate what they are trying to accomplish and measure the performance against strategic goals.
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