Examlex
The rationing function of prices refers to the fact that government must distribute any surplus goods
that may be left in a competitive market.
Mandated Vacation Time
Legislation or policies requiring employers to provide a certain minimum amount of paid vacation time to employees.
Power Distance
A cultural aspect indicating the degree to which individuals in positions of lesser power within organizations and institutions accept and assume an unequal distribution of authority.
Elastic Time
A cultural concept where time is seen as flexible, with a focus on accomplishing tasks rather than adhering to a strict schedule.
Protestant Work Ethic
A concept in sociology that attributes hard work, frugality, and diligence to a Calvinist value system prevalent in areas of Protestant reformation.
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