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By his third phase, Biran defined psychology as the study of:
Plant Assets
Physical resources that are owned and used by a business and are permanent or have a long life; long-term or relatively permanent tangible assets such as equipment, machinery, and buildings that are used in normal business operations.
Decentralization
The distribution of decision-making power away from a central authority, allowing for greater autonomy at lower levels of an organization.
Authority
The power or right to give orders, make decisions, and enforce obedience.
Support Department Allocation Rates
Ratios or percentages used to distribute the costs of support departments to producing or service departments based on agreed-upon methods.
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