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Define Productive Efficiency

question 39

Essay

Define productive efficiency.Explain why being productively efficient does not necessarily mean using the latest in high-tech production methods.


Definitions:

Hay Profile Method

A job evaluation technique that analyzes a position based on three major factors: know-how, problem-solving abilities, and accountability, to determine its relative value.

Executive

A high-level manager or administrator in an organization who is responsible for making major decisions and managing operations.

Managerial

Pertaining to the activities, responsibilities, or characteristics of management or managers within an organization.

Wage Surveys

Systematic processes for collecting data about compensation rates for specific jobs within an industry, region, or organizational level to establish competitive and fair wage structures.

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