Examlex
A manufacturer claims that less than 1% of all its products do not meet the minimum government standards. A survey of 500 products revealed that 10 did not meet the standard. Thus, the null hypothesis is ___________________.
Resistance Point
In negotiation, the least favorable point at which a party is willing to accept a deal, beyond which they prefer to walk away.
BATNA
Best Alternative to a Negotiated Agreement; the best option one has if current negotiations fail.
Fixed-Pie Bias
The misconception in negotiations that the 'pie' or total available benefit is fixed, leading to competitive rather than cooperative strategies.
Conflicts of Interest
Situations where an individual's or organization's private interests conflict with their professional duties or responsibilities, leading to potential bias or unethical decisions.
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