Examlex
A cumulative wage-price spiral which produces a rapid and huge increase in the price level can be characterized as:
Centralized Decision-making
A decision-making process where major decisions are made by a small group of people or a single individual at the top of the organizational hierarchy.
Time-and-motion Studies
A business efficiency technique combining the timing of work tasks with a study of the motions required to perform them, used to increase productivity.
Industrial Engineering
An engineering discipline focusing on optimizing complex processes, systems, or organizations by eliminating waste and improving efficiency.
Streamlining Jobs
Simplifying work processes and structures to improve efficiency and reduce wastefulness.
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