Examlex
Likert developed a framework that characterized organizations in terms of eight processes.What are they?
Physical Capital
The stock of tangible assets, like machinery, buildings, and vehicles, used in the production of goods and services.
Labor Productivity
An economic indicator that assesses how many goods and services are produced in comparison to the total hours worked to produce them.
Total Employment
The total number of individuals currently employed in the economy, both full-time and part-time.
Annual Growth
The increase in the value of an economy's goods and services over a one-year period, typically expressed as a percentage.
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