A(n)___________ Is an Unwritten Agreement Between an Employee and the Organization

question 73

Multiple Choice

A(n) ___________ is an unwritten agreement between an employee and the organization that specifies what each expects to give to and receive from the other.

• A) understanding
• B) employment contract
• C) psychological contract
• D) commitment

---

Definitions:

Annually Budgeted

Annually budgeted refers to the process of allocating financial resources and planning expenditures for a year ahead.

Expansionary Gap

A situation where the actual economic output exceeds the potential output significantly, often leading to inflation.

Cyclically Balanced

A term that might not be widely recognized in standard economic literature; if intended to mean maintaining balance over economic cycles, it could refer to the aim of achieving economic stability across different phases of economic cycles.

Automatic Stabilizers

Economic policies and programs designed to offset fluctuations in a nation's economic activity without intervention by the government or policymakers.