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:

CAPS Model

Stands for Cognitive-Affective Personality System, a psychological model emphasizing the interaction of cognitive and emotional processes in shaping personality.

Nomothetic Goals

Pertains to objectives that seek general laws and principles about behaviors or phenomena, aiming for universal insights.

Idiographic Goals

Goals that are unique to an individual's own interests, values, and aspirations.

Idiographic Goals

Unique, personal goals that are specific to an individual and differ from person to person.