Examlex
Organizational effectiveness results from activities that improve the organization's structure, technology, and people.
Utility Function
A mathematical representation of how consumers rank different bundles of goods according to their level of satisfaction or preference.
Nonlabor Income
Income received that does not come from working, such as investment income, social security benefits, or inheritance.
Leisure
Free time spent away from business, work, and domestic chores, often used for rest, recreation, and personal interests.
Wage Rate
The wage rate is the amount of money paid to a worker for a specified quantity of work, typically expressed on an hourly, daily, or piecework basis.
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