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The Multicultural Organization Framework Is One That Helps Employees Reach

question 3

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The Multicultural Organization Framework is one that helps employees reach their personal and professional goals while contributing to the success of the organization by drawing upon the following components:


Definitions:

Behavioral Economics

A field of economics that applies psychological insights into human behavior to explain economic decision-making.

Financial Gain

The increase in equity or wealth that an individual or company experiences, typically measured in terms of net profit or income.

Fairness

A principle relating to justice, equity, and impartiality within the allocation of resources or treatment of individuals.

Endowment Effect

The phenomenon in which people ascribe more value to things merely because they own them.

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