Which of the Following Is Best Considered an Implicit Contract

question 11

Multiple Choice

Which of the following is best considered an implicit contract?

• A)A union contract that specifies hourly wages and fringe benefits.
• B)A union contract that specifies how overtime wages will be calculated.
• C)An informal agreement between a firm and its employees to reduce hours of work for everyone a little bit during an economic contraction in order to prevent firing anyone.
• D)A firm offering health insurance to all of its workers in order to abide by the Affordable Care Act.
• E)A historical agreement between a firm and its employees that the firm pays workers based on a combination of age, experience, and education.

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Definitions:

Online Consumers

Individuals who purchase goods or services over the internet, utilizing digital platforms for shopping rather than traditional brick-and-mortar stores.

Visit Websites

The act of accessing and viewing content on web pages through a browser, usually for information or transaction purposes.

Subscription Commerce

A business model where customers pay a recurring price at regular intervals to access a product or service.

Recurring Schedule

A planned sequence of events or actions that repeat at regular intervals.