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Write-downs and restructurings are often an indication of bad management decisions in the past.
Efficiency Wages
Wages that an employer sets above the market equilibrium level to increase worker productivity and loyalty.
Above-Equilibrium
A situation where the price of a good or service is higher than the equilibrium price, leading to a surplus.
Private Businesses
Enterprises owned, controlled, and operated by private individuals or entities, aiming to generate profits.
Union Representation
The act of a labor union standing in for its members to negotiate employment terms, such as wages and working conditions, with employers.
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