Innovative Companies Use a __________, Which Means Encouraging the Flow

question 52

Short Answer

Innovative companies use a __________, which means encouraging the flow of ideas from lower levels and making sure they get heard and acted upon by top executives.

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Definitions:

Labor Efficiency

The measure of the output (in terms of goods produced or services rendered) per unit of labor input.

Variance

The difference between planned, budgeted, or standard amounts and actual amounts in accounting and statistics.

July

The seventh month of the year in the Gregorian calendar.

Direct Labor Cost

The wages paid to workers directly involved in producing a product or delivering a service.