A unionized employer has experienced a slump in profits for the past two years. During negotiations for a new union contract, labor believes that the company will once again realize profits within six months to a year

Therefore, it requests that the current hiring freeze be lifted within six months. Management believes profits will not be realized for at least another two years. It believes the hiring freeze should continue for at least 18 months. This disagreement illustrates differing viewpoints regarding:
a. Forecasts
b. Aversion to risk
c. The value placed on time
b. Interests


a

Business

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