What Is the Term for the Ability of an Employer

question 50

Multiple Choice

What is the term for the ability of an employer or employee to terminate an employment relationship at any time?

• A) Free employment
• B) Work rights
• C) Employment-at-will
• D) Contingent work
• E) Psychological contract

---

Definitions:

Quantity Demanded

Quantity demanded is the amount of a good that buyers are willing and able to purchase at a particular price over a specified period.

Insurance Policy

A contract between an insurer and a policyholder in which the insurer agrees to pay for specified losses in exchange for a premium.

Probability

A measure of the likelihood that an event will occur, often expressed as a fraction or percentage.

Independent Events

Events for which the occurrence of one does not affect the likelihood of occurrence of any of the others.