Examlex
Explain the relationship between groupthink and (1)group cohesiveness, (2)escalation of commitment, and (3)conformity.
Employer Discretion
The latitude granted to employers in making decisions regarding hiring, salary levels, promotions, and employee termination.
Wages
Remuneration given to laborers for their efforts, usually measured in terms of hours worked, daily rates, or per unit of output.
Workers
Individuals engaged in a particular task or activity, especially in relation to their employment or contribution to the economy.
Marginal Product
The extra output obtained by utilizing an additional unit of a production input.
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