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Figure L-1
-The diagram is of a simple spectroscope. If lens #1 were omitted, the resulting spectrum would be
Activity-based Management
An approach to business management focusing on identifying and managing activities that drive costs and improve business processes and profitability.
Process Costing
An accounting methodology used to allocate costs to units of production in continuous or mass production processes.
Customer Value
Customer value is the perception of benefits received by a customer from a product or service compared to the costs and alternatives, often influencing purchasing decisions.
Throughput Efficiently
The rate at which a system achieves its goal, especially in terms of processing work or information within a given period of time.
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