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Consider a country that produces only two goods: bird feeders and binoculars.Suppose it is possible for this country to increase its production of bird feeders without producing fewer binoculars.In this case,its current output combination is inefficient.
Flexibility
The capacity to adjust one’s behavior or thinking to suit changes in the environment or situation.
Compressed Workweek
A work schedule that allows employees to work their required hours over fewer days in a week, often resulting in longer work days but additional days off.
Flex-Time
A flexible working arrangement allowing employees to choose their working hours within agreed limits, aiming to balance work and personal life.
Telecommuting
Working from a remote location outside of a traditional office environment, often from home, leveraging technology to stay connected and complete tasks.
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