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According to the theory of constraints,which of the following is not a step required to maximize and improve the performance of a value chain?
Pay Levels
The relative position of an employee's salary within an organizational pay structure, typically based on factors such as job difficulty, experience, and market benchmarks.
Government Wages
The salaries and financial compensations provided by the government to its employees.
FLSA
The Fair Labor Standards Act, which establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards in the United States.
Exempt Employee
An employee who is not entitled to overtime pay as per labor laws, typically salaried and meeting certain criteria regarding their job duties and salary.
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