In Which of the Following Cases Is the Employment Relationship

question 66

Multiple Choice

In which of the following cases is the employment relationship between the employee and the employer likely to resemble a spot market transaction?

• A)When hospitals hire clerical staff
• B)When a university hires members of faculty
• C)When a corporate law firm hires lawyers
• D)When unskilled workers are hired on a day-to-day basis for odd jobs

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Definitions:

Financial Institutions

Organizations that provide financial services, including banks, credit unions, insurance companies, and investment firms, to individuals and businesses.

Foreign Banks

Banking institutions that operate in a country but are headquartered or originated in another country.

Store of Value

An asset that can be saved, retrieved, and exchanged at a later time without significant loss of value.

Money

A medium of exchange, a unit of account, and a store of value, used to facilitate transactions.