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As a discounted cash flow method does not report good operating income results in the project's early years, managers are tempted to not use discounted cash flow methods even though the decisions based on them would be in the best interests of the company as a whole over the long run.
Shirking
The behavior of avoiding or evading work responsibilities, often in employment settings.
Industrial Unions
Labor unions that represent all types of workers within an entire industry, focusing on broad industry-level labor issues and negotiations.
Craft Unions
are labor unions that represent workers specialized in particular trades or crafts, focusing on securing favorable employment conditions and maintaining standards within their fields.
Supply of Labor
The total hours that workers in an economy are willing to work at a given wage rate.
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