Examlex
Worker participation in decision making is a key feature of scientific management.
Organisation
An entity comprising multiple people, such as a company or business, that has a particular purpose and structured system for achieving its goals.
Cost Containment
Strategies and actions taken by an organization to control or reduce its expenses without compromising the quality of its products or services.
Production Targets
Specific goals set for the amount of products to be produced within a certain timeframe.
Performance Efficiency
The relationship between the resources expended and the results achieved, indicating how well an entity uses resources to produce outputs.
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