Examlex
What are the most basic building blocks of matter?
Productivity
The measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.
Efficiency
The ratio of useful output to total input, referring to the effective use of resources without waste.
Skill-Based Pay
A compensation system that establishes pay levels based on the skills or qualifications an employee possesses, rather than the job position alone.
Quality Circle
A voluntary group of workers who perform the same or similar work, who meet regularly to identify, analyze, and solve work-related problems, aiming to improve the performance of their area and to enhance their own working lives.
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