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A Monte Carlo simulation model uses
Competitive Advantage
An attribute that allows a company to outperform its competitors, creating greater value for its customers or clients.
Pay Equality
The principle of ensuring that employees receive equal pay for equal work, without discrimination based on gender, ethnicity, or other such factors.
Turnover
Refers to the rate at which employees leave a company and are replaced by new employees.
Good Faith Bargaining
Negotiation between employers and employees' representatives that is characterized by honest, sincere intention to reach a mutually acceptable agreement.
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