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An Implied Contract May Become Binding When Management Urges an Employee

question 49

True/False

An implied contract may become binding when management urges an employee to leave another organization by promising higher wages and benefits and then not following through with these conditions after the person has been hired.


Definitions:

Current Assessment Plan

A strategic blueprint designed to evaluate and improve current organizational processes and performance.

Blended Plan

A retirement plan combining aspects of both defined benefit and defined contribution plans.

Creative Customer Service

Innovative approaches to providing support and care to customers, aiming to exceed expectations and solve problems uniquely.

Gain-Sharing Plans

A performance-based compensation strategy that shares the cost savings from productivity improvements with employees.

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