What Is a Psychological Contract

question 34

Multiple Choice

What is a psychological contract?

• A) It refers to the extent to which people perceive they are being treated equitably by their organization.
• B) It refers to the overall set of expectationsheld by an individual withrespect to what he or she willcontribute to an organization.
• C) It refers to the set of psychological attributes or traits that distinguish one individual from another.
• D) It refers to attitudes an individual holds toward the employing organization.
• E) It refers to a strategy thatattempts to develop animage or reputation for a company'sproduct or service that setsthe company apart from itscompetitors.

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Definitions:

Breach of Contract

Breaching any term of a contract, whether it be in writing or oral, without an appropriate legal defense.

Negligent Performance

Failure to act with the competence or care that is expected in a given professional role, leading to harm or damage.

Duty of Care

Duty of care is a legal obligation that requires individuals or organizations to adhere to a standard of reasonable care while performing acts that could foreseeably harm others.

Financial Statements

Documents that report the financial activities and condition of a business or entity, including the balance sheet, income statement, and cash flow statement.