MerTon Inc

question 32

Multiple Choice

MerTon Inc.decides to reduce labor costs by using exit incentives to encourage some of its senior, high-earning members to leave the organization.It replaces the employees who quit with new employees and pays them low wages.Which of the following statements is most likely true in this scenario?

• A)The number of employees being paid red circle rates will increase.
• B)The salary range midpoint of the company is lesser than the compa-ratio.
• C)The salary range midpoint of the company is higher than the actual salary paid.
• D)The compa-ratio of the company is greater than one.

Recognize when a quotation or advertisement constitutes an offer.

Explain the conditions under which an offeror can or cannot revoke an offer.

Understand the effects of external factors (e.g., death, insanity, legality changes) on the validity of an offer.

Compare modern and classical contract law in terms of specificity and flexibility.

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Definitions:

Intellectualization

A defense mechanism where emotional issues are addressed through excessive abstract thinking, avoiding dealing with emotional aspects.

Personality Theory

A theory that attempts to describe and explain similarities and differences in people's patterns of thinking, feeling, and behavior.

Freud

Sigmund Freud, a neurologist and the founder of psychoanalysis, a method for treating psychopathology.

Internal Danger

Perceived threats or stresses that originate from within oneself, such as fears, anxieties, and negative self-beliefs.