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Why do employers provide severance pay to employees? What should firms consider when designing a severance plan?
Classical Conditioning
A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus.
Rewards and Punishments
Incentives and consequences used to reinforce desired behavior and discourage unwanted behavior, respectively.
Gamification
The application of game-design elements and principles in non-game contexts to engage and motivate people to achieve their goals.
Mastery
A high level of skill or knowledge in a particular subject or activity.
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