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Management Has an Impact on All Businesses, but There Are

question 63

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Management has an impact on all businesses, but there are almost no examples of businesses that have failed because of poor management.


Definitions:

Equity

The concept of fairness or justice in the way people are treated, often related to issues of compensation, rights, and resources.

Affective Events Theory

A psychological model that explains how workplace events influence employees' emotions and subsequently their job performance and satisfaction.

Experiencing Unfairness

Experiencing Unfairness denotes situations or feelings where individuals believe they have been treated inequitably, leading to dissatisfaction and possible conflict.

Equity Theory

A theory in social psychology that explains how individuals assess their own input-outcome ratios in relation to others, influencing their perception of fairness.

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