Examlex
Since firms in both monopolistic competition and perfect competition earn zero economic profit, price must be equal to average cost for both types of firms.
Incompetence
The lack of necessary skills, knowledge, or ability to perform a job or task effectively and to the required standard.
Due Process
In a disciplinary situation, following proper, established rules and procedures and giving employees the opportunity to respond to allegations.
Communications Training
Programs and initiatives focused on improving an individual's or group's ability to effectively convey information, understand others, and manage interpersonal interactions.
Notice Period
The time frame between when an employee notifies their intent to leave a job and their actual departure, or the period an employer gives an employee before termination.
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