The interval from the time of submission of a process to the time of completion is termed as
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The interval from the time of submission of a process to the time of completion is termed as turnaround time.
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The interval from the time of submission of a process to the time of completion is termed as turnaround time.
Explanation:
Turnaround time is an accounting term m which shows the time period or time interval from the submission date to the date and time of completion of that particular process. Turnaround time can be divided into two parts short turnaround time and long turnaround time. Not to run time is an advantage to the economy because the time and resources are used to the most efficient and effective way possible.
But on the other hand the long turnaround time can be less effective as it takes longer time to finish the particular task. In layman’s terms and turnaround time is the time taken to finish a project or a process by making use of the given resources and materials in the highest efficient way possible .
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