What is ABSOLUTE PERFORMANCE STANDARD?

This is a theory used in quality control that is not achievable in reality. It is used to measure progress towards efficiency.

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Related Legal Terms
PERFORMANCE STANDARD, COEFFICIENT OF PERFORMANCE (COP), KEY PERFORMANCE INDICATORS (KPI), MATERIAL QUALITY STANDARD, ABSOLUTE ADVANTAGE, PERFORMANCE EFFICIENCY, PERFORMANCE AUDIT, OPERATING PERFORMANCE RATIO, POLLUTANT STANDARD INDEX (PSI), STANDARD OF LIVING


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