Examlex
Which of the following is defined as the process of ensuring employees' activities and outputs match an organization's goals?
Opportunity Cost
The consequence of dismissing the next most suitable option while deciding.
Production Possibilities
Various combinations of the amounts of goods and services that an economy can produce efficiently with its available resources and technology.
Absolute Advantage
An entity's capability to manufacture a good or render a service with greater efficiency and less resources compared to its competitors.
Rice
A staple food grain that is a primary food source for more than half of the world's population, known for its versatility and ability to be grown under varied agricultural conditions.
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