One Way of Enforcing Incomplete Contracts with Employees Is for fiRms

question 1

Multiple Choice

One way of enforcing incomplete contracts with employees is for firms to _____.

• A) grant them permanent employment within the firm
• B) review their performance periodically
• C) implement a system of promotions based on seniority
• D) provide them with fringe benefits

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Definitions:

Unethical Leader

A leader who acts in self-interest, violating moral principles, and often causing harm to the organization, employees, or society at large.

False Analogy

A logical fallacy that occurs when someone argues that two things are substantially alike in an important respect when they are not.

Argumentum Ad Populum

A fallacious argument that concludes a proposition to be true because many or most people believe it.

Popular Belief

An opinion or conviction that is widely held by the general population, regardless of whether it is based on fact or fiction.