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Describe some of the limitations of the human relations approach.
Total Expenses
The sum of all costs and expenses associated with operating a business or executing a project.
Profit
The financial gain obtained when the revenue from selling goods or services exceeds the costs associated with production and distribution.
Linked Prosperity
A business philosophy that emphasizes creating economic value in a way that also produces value for society by addressing its challenges.
ISO 9000
A set of international standards on quality management and quality assurance developed to help companies effectively document the quality system elements to be implemented to maintain an efficient quality system.
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