Causality And Determinism In The Trinomial Productivity - Cost - Profit Relationship And Its Utilization In The Economic - Financial Analysis Of A Company
AbstractA special role in the analysis and evaluation of the functionality of Microsystems (firms, organizations) is attached to the logical-economic format involving causality and determinism to explain certain conditions reflected the fundamental variables such as trinomial relationship between productivity, cost and profit. Obviously in this approach the labor productivity is seen as the basic informational aggregate of the system assessment, through the demonstrated impact on costs and profits substantially by the effect of correlation between labor productivity growth and average wage growth. Networking and measuring such an impact is exemplified in figures.
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Bibliographic InfoArticle provided by Athenaeum University of Bucharest in its journal Internal Auditing and Risk Management.
Volume (Year): 1 (2011)
Issue (Month): 6(21) (March)
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Web page: http://www.univath.ro/facultati/facultatea_de_stiinte_economice
More information through EDIRC
causality; determinism; overall and partial labor productivity; productivity - average wage correlation; rate of labor costs; profit on the turnover; rates of commercial profitability and consumed resources.;
Find related papers by JEL classification:
- G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
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