If an Organization Honors Only the Economic Contract and Not

question 40

True/False

If an organization honors only the economic contract and not the psychological contract,employees tend to have lower satisfaction.

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Definitions:

Quality

The degree to which a product, service, or process meets specified standards or fulfills customer expectations.

Group Processes

Refers to the dynamics and interactions among members within a team or organization as they work together towards common goals.

Management

The organization and coordination of activities in order to achieve defined objectives, often through the application of available resources.

Leadership

The act of guiding or influencing a group towards achieving its goals by setting direction, creating an inspiring vision, and encouraging teamwork.