Examlex
The ERG theory has a ____________ hypothesis suggesting that individuals who are frustrated in their attempts to satisfy one need may regress to another one.
Managerial Bureaucracy
A type of organizational structure that is characterized by a formal division of responsibilities, a clear hierarchy, and a detailed set of rules and procedures.
Long-run Average Cost
The per-unit production cost when all factors of production, including capital, are variable, and the scale of production can be changed.
Output Units
Quantitative measures representing the amount of goods or services produced by a company or an economic system.
Constant Returns to Scale
A situation where increasing all inputs by the same proportion results in output increasing by that same proportion, indicating linear scalability of production processes.
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