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What are the factors that determine the efficiency of labor?
The factors that determine the efficiency of labor include skills and training of the workforce, technology and tools available, working conditions, management practices, motivation and incentives, and overall organizational structure and culture. By optimizing these factors, a company can improve the productivity and efficiency of its workforce.
Is profitability of a firm an adequate measure of its efficiency?
to what extent does profitability of a firm measure its efficiency
Is a measure of what is produced divided by what is consumed?
Efficiency
How can you explain the relationship between the workforce and distance in the context of productivity and efficiency?
The relationship between the workforce and distance impacts productivity and efficiency. When employees work closer together, communication and collaboration are easier, leading to increased productivity. However, remote work can also be efficient with the use of technology. Balancing proximity and distance is key to optimizing productivity in the workforce.
What insights can be gained from analyzing the productivity wages graph in relation to workforce efficiency and compensation trends?
Analyzing the productivity wages graph can provide insights into how efficiently the workforce is producing goods or services compared to their compensation. It can help identify trends in workforce efficiency and compensation levels, highlighting potential areas for improvement or adjustment in order to optimize productivity and ensure fair compensation for employees.
What is the difference between administrative theory and scientific management theory?
Administrative theory focuses on humans and their behavior instead of worker efficiency. Science theory focuses on the efficiency of the workforce.
Is a measure of the efficiency of an investment?
The ROI is a measure of the efficiency of an investment. ROI is a term used in the financial world, it means return on investment.
Example of working capital?
Working capital is a measure of a company's efficiency and its financial health. A measure of a companies efficiency is an example of working capital.
What does lindeman efficiencies measure?
Ecological efficiency
What is a measure of the efficiency of an investment?
Returning On Investment .
WHAT Is a measure of what is produced divided by what is consumed?
Efficiency
Why is a motivated workforce important to a business?
"Olly moxham" Lol what?
