If a Hiring Manager Mistakenly Offers a Job Candidate a Salary

question 18

True/False

If a hiring manager mistakenly offers a job candidate a salary higher than what the firm had authorized the manger to offer,the salary offer is not legally binding.

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Definitions:

Barter

A system of exchange where goods or services are traded directly for other goods or services without the use of money.

Exchange of Goods

The act of giving one item of value in return for another, especially in a commercial context.

Market Failures

Occur when the market does not allocate resources efficiently on its own, leading to a loss of economic welfare.

Government Role

The activities undertaken by a government, including regulation, taxation, and public services provision, to guide and support the economy.