Examlex
Labour and management at DJ Trucking cannot agree upon a contract for the truck drivers.The drivers are threatening to strike and management knows that if a strike occurs that it will be very costly.Each side contends that they are bargaining fairly,but no agreement seems to be possible. Which of the following is a characteristic of distributive bargaining?
Decision Maker
An individual or group responsible for making choices that determine the course of actions in various situations or organizations.
Sunk Cost
Sunk Cost represents money that has already been spent and cannot be recovered, often considered irrelevant to future economic decisions.
Lure of the New
A phenomenon describing the attraction or preference for novel products, technologies, or ideas over those that are more familiar or traditional.
Appeals to Tradition Fallacy
A logical fallacy that argues something is correct or better simply because it is traditional or has always been done.
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