Examlex
The assembly line is most consistent with which of the following general principles of management?
Marginal Resource Cost
The extra expense resulting from the consumption of an additional unit of a resource.
CEO Pay
The compensation package awarded to the chief executive officer of a corporation, which may include salary, bonuses, stock options, and other benefits.
Competitive Labor Market
A market in which workers compete for jobs and employers compete for workers, resulting in the equilibrium wage rate being determined.
Principal-Agent Problem
A conflict in priorities between a person or group (the agent) making decisions on behalf of another person or group (the principal).
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