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labor efficiency standard

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  • Efficiency wages — In labor economics, the efficiency wage hypothesis argues that wages, at least in some markets, are determined by more than simply supply and demand. Specifically, it points to the incentive for managers to pay their employees more than the… …   Wikipedia

  • Standard cell — For the battery used as a voltage reference, see Weston cell. In semiconductor design, standard cell methodology is a method of designing Application Specific Integrated Circuits (ASICs) with mostly digital logic features. Standard cell… …   Wikipedia

  • Variable Overhead Efficiency Variance — The difference between actual variable overhead based on the true time taken to manufacture a product, and standard variable overhead based on the time budgeted for it. It arises from variance in productive efficiency. For example, the number of… …   Investment dictionary

  • Fuel efficiency — is a form of thermal efficiency, meaning the efficiency of a process that converts chemical potential energy contained in a carrier fuel into kinetic energy or work. Overall fuel efficiency may vary per device, which in turn may vary per… …   Wikipedia

  • Global labor arbitrage — is an economic phenomenon where, as a result of the removal of or disintegration of barriers to international trade, jobs move to nations where labor is inexpensive and/or relatively impoverished labor moves to nations with relatively higher… …   Wikipedia

  • Constrained Pareto efficiency — The condition of Constrained Pareto optimality is a weaker version of the standard condition of Pareto Optimality employed in Economics which accounts for the fact that a potential planner (i.e. the government) may not be able to improve upon a… …   Wikipedia

  • Direct labour cost variance — is the difference between the standard cost for actual production and the actual cost in production.[1] There are two kinds of labour variances. Labour Rate Variance is the difference between the standard cost and the actual cost paid for the… …   Wikipedia

  • Presidency of Barack Obama — 44th President of the United States Incumbent Assumed office January …   Wikipedia

  • Fordism — Fordism, named after Henry Ford, refers to various social theories. It has varying, albeit related, meanings in different fields, and for marxist and non marxist scholars.Fordism in the United StatesIn the United States, Fordism is the economic… …   Wikipedia

  • Corporate Average Fuel Economy — CAFE redirects here. For other uses, see Cafe (disambiguation). The Corporate Average Fuel Economy (CAFE) are regulations in the United States, first enacted by the U.S. Congress in 1975,[1] and intended to improve the average fuel economy of… …   Wikipedia

  • Inventory — means a list compiled for some formal purpose, such as the details of an estate going to probate, or the contents of a house let furnished. This remains the prime meaning in British English.[1] In the USA and Canada the term has developed from a… …   Wikipedia


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