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Macroeconomics Question and Answers

GDP or GNP, Which one is a better approach? Determining whether Gross Domestic Product (GDP) or Gross National Product (GNP) is a “better” concept depends on the specific analytical and policy goals. Each measure provides different insights into a country’s economic performance, and the choice of which to use may depend on the context and …

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ORGANIZATIONAL BEHAVIOUR – Question and answer 3

QUESTION: Discuss the role of job satisfaction in improving employee output. ANSWER: Job satisfaction plays a crucial role in improving employee output and overall organizational performance. When employees are satisfied with their jobs, they tend to be more engaged, motivated, and productive. Here are some key ways in which job satisfaction positively impacts employee output: …

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ERP – Enterprise Resource Planning

What is an ERP? ANSWER: ERP stands for Enterprise Resource Planning. It refers to a software system that integrates various business functions and processes within an organization into a centralized system. The primary goal of ERP is to streamline and automate business operations, improve efficiency, and provide real-time data for informed decision-making. An ERP system …

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