Examlex
The degree to which a company specifies how decisions are to be made so that employees' behavior becomes predictable is referred to as:
Median voter theorem
A theory suggesting that the outcome of a majority rule voting system will represent the preferences of the median voter.
Majority rule
A decision-making process where the option that receives more than half of the votes wins.
Arrow's Impossibility Theorem
A theory stating that no rank-order voting system can meet a set of reasonable fairness criteria simultaneously.
Difficulties
Challenges or situations that require effort to overcome.
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