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Discuss the issue of ethnic and racial diversity in the workforce. Focus on some of the demographic issues and the challenges faced by unions in organizing this group of workers. (Page 391-393)
Loss Aversion
The strong tendency to regard losses as considerably more important than gains of comparable magnitude—and, with this, a tendency to take steps (including risky steps) to avoid possible loss.
Affective Forecasting
Predicting one’s own emotional response to upcoming events.
Affective Forecasting
The process by which individuals predict their future emotional states in response to events or decisions.
Judgment and Reasoning
The cognitive processes involved in forming opinions, making decisions, and solving problems.
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