Explicit Employment Contracts Are More Likely to Be Used by Companies

question 91

Multiple Choice

Explicit employment contracts are more likely to be used by companies while hiring CEOs when_____.

• A) the CEO was promoted from within the company instead of being hired from outside
• B) the CEO has served a number of years on the company's board of directors
• C) the company environment and employment situation was risky for the CEO because of uncertainty
• D) the CEO received lesser-than-normal compensation, much of which constituted the basic fixed pay

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Definitions:

Cerebellum

A part of the brain located at the back of the skull, primarily responsible for coordinating voluntary movements and maintaining balance and posture.

Decay Theory

The theory that information in memory eventually disappears if it is not accessed; it applies better to short-term than to long-term memory.

Forgetting

Forgetting is the process through which information is lost from memory over time, which can occur due to various reasons such as failure to retrieve, interference, or decay of memory traces.

Fades With Time

The process of something becoming less intense, visible, or relevant as time passes.