When a Firm Makes Verbal Promises About Future Working Conditions,benefits

question 3

Multiple Choice

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

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

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Definitions:

Invoices

Commercial documents issued by a seller to a buyer, outlining the products or services provided, quantities, agreed prices, and terms of sale.

Sales Tax

A tax imposed by a government on the sale of goods and services, usually calculated as a percentage of the selling price.

Merchandise

Goods that are bought and sold in the course of business.

State Sales Tax Department

The department within state government responsible for administering the collection and management of sales tax, including regulation enforcement and taxpayer assistance.