Frito Lay Experienced a 20% Drop in Its Sales

question 116

Multiple Choice

Frito Lay experienced a 20% drop in its sales. Even though the demand for its product decreased, Frito Lay did not cut the wages of its nonunionized workers. This is an example of

• A) an explicit contract not to cut wages.
• B) employment-at-will.
• C) poor management.
• D) an implicit or social contract not to cut wages.

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Definitions:

Formal Operational Stage

An advanced stage in cognitive development, according to Piaget, marked by the ability to think logically about abstract propositions and hypothetical situations.

Conservation

The cognitive ability to understand that quantities remain consistent even when their shape or appearance changes, typically developing in the concrete operational stage of cognitive development.

Conservation of Volume

A cognitive development concept stating that a substance's volume remains unchanged even when its appearance changes, understood by children during the concrete operational stage according to Piaget.

Transitional Stage

A developmental phase where an individual moves from one significant stage to another, often involving substantial changes in behavior or role.