Perceptions of Psychological Contract ________ Occur When an Employee Perceives

question 16

Short Answer

Perceptions of psychological contract ________ occur when an employee perceives that his or her organization has failed to fulfill one or more promised obligations of the psychological contract.

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Definitions:

Franchising

A business practice in which a company allows another operator to trade under its brand in return for a fee or license.

Parent Company

A corporation that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors.

Contractual Arrangement

An agreement between entities to do or not do specific things, legally binding and enforceable.

Forward Integration

A business strategy where a company gains ownership or increased control over its distributors or retailers.