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Woodworth & Baines is a retail chain that has taken up numerous measures to improve employee attitude, motivation, and organizational performance. New training programs, employee engagement initiatives, and an employee welfare council were the three main strategies implemented as part of the employee empowerment program. Norman Kilner was one of twenty employees nominated to the employee welfare council where they were required to interact with the management to promote the interests of the employees. Additionally, the job roles of these twenty employees were vertically enhanced to give them more autonomy in the organization. However, six months into the employee empowerment program, a survey by HR revealed no actual change in employee attitudes. Similarly, a survey conducted by the production manager revealed that work productivity had not increased by any substantial measure either. Which of the following, if true, would best explain this outcome?
1965 Ford Mustang
A model of car produced by Ford, marking the first year of production for the Mustang, one of the most iconic American sports cars.
Inflation Rate
A measure of how quickly the average cost of goods and services escalates, reducing the value of money to buy these over time.
GDP Deflator
An economic metric that converts output measured at current prices into constant-dollar terms, helping in analyzing and comparing levels of economic activity over time.
Inputs into
The various resources such as raw materials, labor, and capital that are used in the production process of goods and services.
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