Examlex
Ned and Michael are managers of two different departments at Beckett Corporation.The two have not gotten along well over the years.Yesterday the two attended a budget meeting for the new fiscal year.Both wanted more funding for their departments.When the finance vice president suggested an increase for Ned's department,Michael became quite agitated and made a number of accusations about the nature of the numbers that Ned had used to support his position.After the meeting,Michael cornered the finance vice president in his office and continued his spiel on why his department deserved the extra funding but Ned's did not.What style of conflict handling does Michael exhibit?
Work and Leisure
Describes the balance between the time and effort spent in gainful employment and the time spent in recreational activities or rest.
Second Best
Refers to a situation wherein the optimal condition cannot be achieved, and the best possible alternative under the given restrictions is adopted.
Previously Existing Distortions
Inefficiencies or imperfections already present in a market before a new policy or change was implemented.
Distortionary Tax
A tax that causes people to alter their behavior and economic decisions from what they would have chosen in the absence of the tax.
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