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If the demand for iPods is price elastic, then
Hot-Stove Rule
A management principle suggesting that discipline should be immediate, clear, consistent, and impartial, similar to touching a hot stove.
Discipline Principle
A concept in management that emphasizes the importance of enforcing rules and maintaining order within an organization.
Alternative Hypotheses
Hypotheses that suggest there is a statistically significant difference between groups or variables, as opposed to the null hypothesis.
Null Hypothesis
A default hypothesis that assumes no significant difference or effect between groups or variables in a statistical test.
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