Telling an Employee That Their Job Is Secure as Long

question 51

True/False

Telling an employee that their job is secure as long as they perform satisfactorily and are loyal to the organization does not make an implied contract binding.

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Definitions:

Subjective Probabilities

The individual's personal judgment or estimate of the likelihood of an event occurring, based on their own knowledge and experience.

Event

An occurrence or happening, especially one of significance.

Law of Small Numbers

A cognitive bias that leads people to make unjustified conclusions based on limited data.

Risks

The potential for losing something of value, or the uncertainty regarding the outcome of an action or decision.