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For a company that produces hand held calculators,the Operations Manager knows that in the early stages of production for a new product,the expenditures exceed receipts,whereas in the latter stages,the reverse is true.Give an explanation for this phenomenon.
Standardised
Made uniform or consistent by applying a set of norms or standards.
Uniform Procedures
Standardized methods or protocols that are implemented consistently across different situations or environments.
Administration
The process or activity of running a business or organization, including the management of operations and decision-making.
Test Norms
Statistical standards that describe the distribution of scores obtained by a specific group of test takers, which serve as a reference point to interpret individual scores.
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