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Conway Corporation and Philips Company are computer companies. Comparative data for 20X1 and 20X3 are given below.
Assume that each 20X1 dollar is equivalent to 1.45 of the 20X3 dollars, due to inflation.
-What is Philips' 20X3 productivity measure in terms of revenues per employee?
Induction
Reasoning from observations to a theory that might explain the observations.
Empiricism
The view that knowledge should be based on experience and observation, on empirical as opposed to theoretical knowledge.
Positivism
A philosophical theory that asserts that genuine knowledge is based on natural phenomena and their properties and relations as verified by empirical sciences.
Rationalism
A philosophy that emphasizes reason and knowledge acquisition through deductive reasoning and logical analysis, rather than empirical evidence.
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