When a Firm Makes Verbal Promises About Future Working Conditions

question 38

Multiple Choice

When a firm makes verbal promises about future working conditions, benefits and raises, and promotions, it is offering:

• A) an implicit labor contract.
• B) an explicit labor contract.
• C) a human capital contract.
• D) compensating differential.

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Definitions:

Violently Attacked

Violently attacked describes an act of physical aggression aiming to inflict harm or damage on a person or object.

Vicarious Reinforcement

Learning that occurs by observing the reinforcement of another's behavior, leading to an increase in that behavior in the observer.

Lottery

A form of gambling which involves the drawing of numbers at random for a prize.

Vicarious Punishment

A learning process in which an individual observes another being punished and subsequently reduces their own engagement in the behavior that led to the punishment.