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Why Are Class-Action Suits Settled Based on Cost-Benefit Analysis

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Why are class-action suits settled based on cost-benefit analysis?


Definitions:

Career Stage Model

A conceptual framework that outlines the various phases individuals go through in their professional lives, each with distinct psychological and role-based characteristics.

Career Plateaus

A stage in one’s career where progression or advancement seems to stall, often leading to a lack of motivation or satisfaction.

Psychological Contracts

Unwritten agreements or expectations between employees and employers regarding the nature of their work relationship, affecting engagement and satisfaction.

Emotional Support

Assistance provided to individuals through empathy, concern, encouragement, or companionship to help manage or mitigate emotional distress.

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