Examlex
According to O. W. Wilson, each assignment of responsibility must carry with it a commensurate authority to accomplish the task.
Compensating Differentials
Wage differences across jobs that reflect the desirable or undesirable aspects of different jobs, aiming to compensate workers for job attributes like risk or undesirable hours.
Worker Turnover
The rate at which employees leave a workforce and are replaced, indicating the level of workforce stability or instability within an organization.
Marginal Productivity
The additional output that is produced by using one more unit of a factor, keeping all other factors constant.
Income Distribution
The way in which a nation's total earnings are spread among its population, which can range from equal to highly unequal.
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