Which of the Following Is NOT an Example of How

question 42

Multiple Choice

Which of the following is NOT an example of how an implied contract may become binding?

• A) Telling employees their jobs are secure as long as they perform satisfactorily and are loyal to the organization
• B) Failing to create an employee handbook or conducting performance appraisals on a routine basis
• C) Stating in the employee handbook that employees will not be terminated without the right of defense or access to an appeal procedure
• D) Urging an employee to leave another organization by promising higher wages and
• Benefits,then reneging on those promises after the person has been hired

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Definitions:

Cartels

Groups of independent market participants who collude to control prices and output in a particular market, typically to restrict competition.

Illegal

Refers to actions or activities that are prohibited by law.

Nash Equilibrium

A concept in game theory where no player can benefit by changing strategies while the other players' strategies remain unchanged.

Payoff

The benefit or return that one receives as a result of an investment or action; a rephrasing of economic payoff emphasizing the outcome aspect.