Examlex
Asking employees how they feel about key elements in a job, then adding the results to create an overall job satisfaction score is the single global rating approach to job satisfaction.
Generalizations
Broad statements or conclusions derived from specific instances or limited data, often used to simplify understanding of complex concepts.
Abstractions
Simplified representations or models of complex realities, used to understand and predict behaviors in various disciplines.
Marginal Benefit
The incremental benefit or satisfaction obtained from consuming one additional unit of a particular good or service.
Marginal Cost
The additional cost incurred to produce one more unit of a good or service, important for decision-making in production and pricing strategies.
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