Examlex
What are the two key features of scientific management?
Government Operation
Activities carried out by the government, including regulation, provision of public services, and maintenance of law and order.
Average Costs
The total costs divided by the total output produced, a measure of cost efficiency for production.
Social Welfare
A concept concerning the well-being, health, and economic security of society as a whole.
Synergies
The increased effectiveness or efficiencies created when two or more elements or companies work together.
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