A Psychological Contract

question 56

Multiple Choice

A psychological contract

• A)is a legally binding employee contract between an employer and an employee.
• B)is an imaginary bond that occurs around six weeks into a newly hired employee's job experience.
• C)is an understanding of expectations that strengthens over time between an employee and the employer.
• D)can never be broken once established between a manager and an employee.
• E)is the "tool" used by the office bully to establish a territory of influence.

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Definitions:

SEC

The Securities and Exchange Commission, a U.S. government agency responsible for enforcing federal securities laws and regulating the securities industry, stock and options exchanges.

Fair Value

An estimate of the market value of an asset or liability, based on the current market price or the price for similar assets.

Exchange Transactions

Transactions in which each party to the deal exchanges goods or services of comparable value; this can include trade of goods, services, or financial assets.

Tangible Assets

Physical assets that can be touched or felt, such as machinery, buildings, and land.