Recognizing That It May Be in Managers' Best Interests to Be

question 2

Multiple Choice

Recognizing that it may be in managers' best interests to be overly optimistic when proposing projects, how might firms effectively control this impulse?

• A)employ capital rationing
• B)discontinue investment proposals
• C)fire managers after their first mistake
• D)fund all project proposals

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Definitions:

Collective Bargaining

The act of discussing and reaching mutual agreements on employment terms such as salaries, working environment, benefits, and various employee rights and compensations between employers and their employees' representatives.

Secondary Boycott

A boycott of products or a company that sells the products of a company that is being struck.

Trade Unions

Organizations that represent the interests of workers in negotiations with employers over wages, work conditions, and employee rights.

AFL

The American Federation of Labor, a national federation of labor unions in the United States, focused on improved labor conditions and wages.