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While a rental firm is renting out its capital, the price of capital can change. What is the impact of a changed capital price on the firm?
Just Cause
The onus on the employer to establish grounds for termination of an employee without notice.
Bargaining Unit
A group of employees with a clear and identifiable community of interests who are represented by a union in negotiations and labor discussions.
Reinstatement
The act of restoring someone or something to their previous position, status, or conditions, often used in employment or insurance contexts.
Compulsory Arbitration
A mandatory arbitration process enforced by law or contract, requiring parties to resolve their dispute through arbitration rather than through litigation in court.
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