Examlex
Which of the following was not recommended as a guideline for managers?
Wages and Salaries
The financial compensation received by employees for their labor, typically determined on an hourly, daily, or contractual basis.
Labor's Share
The segment of a country's income or production assigned to employees through wages, salaries, and perks.
Overall Efficiency
The effectiveness with which a system, such as an economy or a production process, utilizes resources to achieve its objectives, maximizing output with minimal waste.
Operations
The day-to-day activities involved in managing a business, including production, logistics, and delivery of goods and services.
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