While Many Managers and Lawyers Might Claim That Implicit Contracts

question 27

Essay

While many managers and lawyers might claim that implicit contracts "aren't worth the paper that they are not written on," most understandings between companies and their customers and employees are implicit.Why?

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Definitions:

Intelligence

The ability to learn from experience, adapt to new situations, understand and handle abstract concepts, and use knowledge to manipulate one's environment.

Crystallized Intelligence

The capacity to apply acquired knowledge and experience efficiently.

Fluid Intelligence

The ability to solve new problems, use logic in new situations, and identify patterns, without relying on previously acquired knowledge.

EEG

A test that measures the electrical activity of the brain using small, flat metal discs attached to the scalp.