Examlex
In progressive discipline, termination is seen as a viable early option to avoid having to work through a potentially fruitless cycle of improving a low-ability worker.
Technically Feasible
Refers to a project or proposal that is possible and practical to achieve with the current level of technology.
Least Cost
A principle or strategy focused on achieving a particular objective at the minimum possible cost.
Short Run
A period in economics where at least one factor of production is fixed, and firms can only partially adjust to changes in market demand.
Input
Resources such as labor, materials, and capital used in the production of goods and services.
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