Actual Grace — • A grace that is given for the performance of salutary acts and is present and disappears with the action itself Catholic Encyclopedia. Kevin Knight. 2006. Actual Grace Actual Grace … Catholic encyclopedia
Efficiency Variance — The difference between the theoretical amount of inputs required to produce a unit of output and the actual amount of inputs used. In manufacturing, efficiency variance can be used to analyze the effectiveness with respect to labor, materials,… … Investment dictionary
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
Efficiency (statistics) — In statistics, efficiency is one measure of desirability of an estimator.The efficiency of an unbiased statistic T is defined as:e(T)=frac{1/mathcal{I}( heta)}{mathrm{var}(T)}where mathcal{I}( heta) is the Fisher information of the sample.Thus… … Wikipedia
efficiency — The performance of an activity with an optimal use of resources and minimal waste. As one of the *Three E’s of Operational auditing, Flint (1988, 175, n.5) defines efficiency as obtaining maximum useful output from the resources devoted to an… … Auditor's dictionary
efficiency — A measure of the ability of an organization to produce and distribute its product. In accounting terms it is quantified by a comparison of the standard hours allowed for a given level of production and the actual hours taken. This represents the… … Accounting dictionary
Actual cubic foot per minute — The cubic foot per minute (CFM) or actual cubic foot per minute (ACFM) is a unit of volumetric capacity commonly used by manufacturers of blowers and compressors. Since the volumetric capacity refers to the volume of air or other gas at the inlet … Wikipedia
efficiency ratio — A ratio that measures the efficiency of labour or an activity over a period by dividing the standard hours allowed for the production by the actual hours taken. It is usually expressed as a percentage, using the formula: (standard hours allowed × … Accounting dictionary
efficiency ratio — A ratio that measures the efficiency of labour or an activity over a period by dividing the standard hours allowed for the production by the actual hours taken. It is usually expressed as a percentage, using the formula: (standard hours allowed × … Big dictionary of business and management
Algorithmic efficiency — In computer science, efficiency is used to describe properties of an algorithm relating to how much of various types of resources it consumes. Algorithmic efficiency can be thought of as analogous to engineering productivity for a repeating or… … Wikipedia