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A Private Cost Is a Cost of Production That Is

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A private cost is a cost of production that is borne by the


Definitions:

Undermotivated People

Individuals who show a lack of enthusiasm or incentive to pursue goals, often requiring extra support or incentives to achieve productivity.

Higher Rank

A position or status that is above others in terms of authority, seniority, or hierarchy.

Legitimating

The process of making something acceptable, justified, or lawful, often in a social or legal context.

Quality Improvements

Initiatives or methods aimed at enhancing the standard of products, services, processes, or systems within an organization.

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