Examlex
In the long-run firms respond to the lower profits by reducing their nominal wage increases.
Avoid Risk-Taking
A behavioral tendency to steer clear of actions or decisions that could lead to negative outcomes or uncertainties.
Abiding by Rules
The act of following established guidelines, regulations, or laws within a given context or environment.
Divergent Thinking
A cognitive approach or technique designed to produce inventive concepts through the examination of numerous potential answers.
Programmed Decision
involves using established procedures or rules to address recurring problems or situations, facilitating consistency and efficiency in decision-making.
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