Examlex
_______________ refers to type of artificial intelligence that leverages massive amounts of data so that computers can improve the accuracy of actions and predictions on their own without additional programming
Direct Labor Cost
The total cost of work done by employees who are directly involved in the manufacture of a product or in performing a service.
Balanced Scorecard Approach
A strategy performance management tool that incorporates financial and non-financial performance indicators to provide a more comprehensive view of an organization's health.
Capacity Utilization Perspective
An assessment of how effectively an entity uses its potential output capacity, measuring the extent to which it's achieving maximum efficiency.
Labor Price Variance
The difference between the actual cost of labor and the budgeted or standard cost of labor.
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