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The chief executive officer of a mid-sized manufacturing company has hired you to design the work site and to make any other changes necessary for employees to feel more empowered.Briefly define empowerment and describe three important conditions you would ensure to improve empowerment among the employees.
Variable Cost
Costs that vary directly with the level of production or output in a company, such as raw materials and labor expenses.
Total Cost
refers to the sum of all expenses incurred in the production of goods or services, including fixed and variable costs.
Computer Software
Programs and operating information used by a computer to perform specific tasks.
Average Fixed Cost
The total fixed costs of production divided by the quantity of output produced, illustrating how fixed costs dilute over larger quantities of output.
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