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A heavily loaded boat is floating in a pond.The boat starts to sink because of a leak but quick action plugging the leak stops the boat from going under although it is now deeper in the water.What happens to the surface level of the pond?
Adam Smith
An 18th-century Scottish economist known as the father of modern economics, renowned for his theories on free markets and the division of labor.
Scientific Management
A theory of management that analyzes and synthesizes workflows to improve economic efficiency and labor productivity.
Training Costs
Expenses associated with the development and delivery of training programs to employees, aiming at enhancing their skills and knowledge for better job performance.
Employee Aptitudes
The natural talents or abilities that individuals possess, which may influence their performance and roles within a workplace.
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