Examlex
Explain the role of accounting in the information age.
Cycle Time
The total time from the beginning to the end of a process, including processing and waiting times, indicating the speed of production.
Precedence Diagram
A visual representation of the order in which tasks or activities must be performed in project management, highlighting dependencies and critical paths.
Theoretical Minimum
The lowest possible amount of resources, energy, or time required to achieve a particular process or operation, often used as a benchmark in process improvement.
Network Diagram
A visual representation of a project's activities and their sequence, showing the path from start to finish, including dependencies.
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