Examlex
A favorable direct materials cost variance occurs when the actual direct materials cost incurred is less than the standard direct materials cost.
Non-monetary Rewards
Non-monetary Rewards include any form of recognition or reward given to employees that does not involve a direct financial increase, such as praise, opportunities for growth, or flexible work arrangements.
Generation Y
Also known as Millennials, individuals born approximately between 1981 and 1996, known for their familiarity with digital communications and media.
Baby Boomers
A demographic group referring to people born during the post-World War II baby boom, approximately between 1946 and 1964.
Organizational Behaviour
The study of how individuals and groups act within organizations, and the impact of these behaviors on organizational effectiveness.
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