Which of the Following Statements Is True Regarding a Psychological

question 7

Multiple Choice

Which of the following statements is true regarding a psychological contract?

• A) Structural strategies are implemented with the help of psychological contracts.
• B) Psychological contracts are binding in a court of law.
• C) Psychological contracts are based on the fact that people feel committed to follow through with their word.
• D) Psychological contracts are commonly known as escalated commitments.

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Definitions:

Accounts Receivable

The amount of money owed to a business by its customers for goods or services delivered but not yet paid for.

Accounts Payable

An accounting entry that represents a company's obligation to pay off a short-term debt to its creditors or suppliers.

Office Equipment

Tangible long-term assets used in the daily operations of an office, including computers, printers, desks, and chairs.

Revenue

The sum of all revenue a company earns from selling products or providing services within a specified timeframe.