Psychological Contracts Create Implied Promises and Obligations Between Employees and the Employer.Because

question 149

Essay

Psychological contracts create implied promises and obligations between employees and the employer.Because what the exchange means to workers or employers is subjective and affected by personal values,upbringing,the broader society,and the history of the relationship,psychological contracts can be influenced by national culture.List a few examples of how psychological contracts differ across cultures.

---

Definitions:

Current Assets

Assets likely to be converted into cash within a year, such as inventory, accounts receivable, and cash and cash equivalents.

Current Liabilities

Short-term financial obligations that are due within one year or within the operating cycle.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the operating cycle of a business, whichever is longer.

Current Ratio

A financial metric that compares a company's current assets to its current liabilities, indicating liquidity levels.