The Concept That Both Employees and Employers Can Terminate an Employment

question 15

Multiple Choice

The concept that both employees and employers can terminate an employment relationship at any time,for any reason other than those covered by law,is known as:

• A)employment rights.
• B)employer rights.
• C)contract at will.
• D)contract law.
• E)employment at will.

---

Definitions:

Substitutes

Goods or services that can replace each other in usage, providing similar utility to the consumer.

Price Increases

A rise in the cost of goods or services, which can affect demand, supply, and the overall economy.

Demand Shifts Left

A demand shift left is when the demand curve for a good or service shifts to the left, indicating a decrease in demand at all price levels, often due to changes in consumer preferences, income, or substitutes.

Air Travel

The act of traveling in an aircraft, often commercially, where passengers are transported from one location to another.