Examlex
Match the term with its definition:
Fairness
A person’s opinion as to whether a price, wage, or allocation is considered morally or ethically acceptable.
Maximize Profits
The process or strategy of adjusting production, pricing, and other operational variables to achieve the highest possible financial gain.
Time Inconsistency
The tendency of people to change their plans about future actions because of a change in their immediate preferences or circumstances.
Automatic Payroll Deductions
A system where amounts are automatically subtracted from an employee's paycheck by the employer for taxes, benefits, and other financial obligations.
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