Examlex
Planning activities of first-line supervisors include __________.
Productivity of Labor
The measurement of the output produced by employees per unit of input, such as per hour of work.
Diminishing Returns
A principle which states that as more units of a variable input (like labor) are added to fixed inputs (like capital), the additional output from each new unit of input will eventually decrease.
Wage Rates
The fixed amount of compensation paid to employees for their labor, typically measured per hour or piece.
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