Figure 17-12 
-In Figure 17-12, with a tariff of $0.50 per unit and a world price of $1.00,
Definitions:
Employees' Performance
An assessment of how effectively and efficiently an employee completes their job duties and achieves set objectives.
Empower Employees
The practice of giving employees the authority, tools, and information they need to make decisions and contribute to the company's success.
Work Design
The process of defining roles, tasks, and systems to optimize employee performance and well-being.
HRM Audit
A formal review of the outcomes of HRM functions, based on identifying key HRM functions and measures of business performance.
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