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The bureaucracy is efficient only as long as employees confront problems brought about by programmed decision rules.
Training Investments
Financial resources dedicated to the development and implementation of training programs or initiatives.
Categorizing Cost
The process of grouping costs into categories for better management and analysis, often used in budgeting and financial reporting.
Indirect Costs
Expenses not directly tied to a specific project or activity but necessary for the general operation of an organization, such as utilities, rent, and administrative salaries.
Fixed Costs
Expenses that do not change with the level of production or business activity, such as rent or salaries.
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