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Explain the "perceived conflict" stage of Pondy's model of organizational conflict.
Opportunity Cost
The cost involved when the second most advantageous option is not selected during decision-making.
Feasible Outcomes
Possible results or conclusions that can realistically be achieved in a given scenario or model.
Computerized Assembly Line
A production line in which computers control the assembly of products, enhancing efficiency, precision, and consistency.
Iron Ore
A natural resource that is mined and used primarily in the production of steel.
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