Examlex
Explain why it is unwise to bid more than your valuation of the good in a sealed bid second-price auction.
Official Statistics
Quantitative data and information collected and published by governmental agencies or institutions for economic, demographic, and social analysis.
Child-care
The care and supervision of a child or children, typically from infancy to age thirteen, which includes educational, entertainment, and nutritional components.
Scientific Management
Scientific management is a system of improving productivity developed in the 1910s by Frederick W. Taylor. After analyzing the movements of workers as they did their jobs, Taylor trained them to eliminate unnecessary actions and greatly improve their efficiency.
Unnecessary Actions
Actions or efforts that do not contribute to achieving a goal or are not required for a successful outcome.
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