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_____ Is the Process Through Which Managers Seek to Improve

question 96

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_____ is the process through which managers seek to improve employees' desire and ability to make decisions that raise organizational effectiveness.


Definitions:

Utility Function

A mathematical representation that ranks the preference level of different bundles of goods, showing satisfaction or happiness derived from consumption.

Numeraire

A standard unit of account or measuring stick in economics used to compare the value of various goods or services.

Utility Function

A mathematical tool used in economics to represent a consumer's preference ranking of different bundles of goods.

Pareto Optimal

A state of allocation of resources from which it is impossible to reallocate to make any one individual better off without making at least one individual worse off.

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