The Term Originated from the Days When a Contract Was

question 35

Multiple Choice

The term originated from the days when a contract was literally sealed by a piece of soft wax into which an impression was made.

• A)Contracts under wax
• B)Contracts under pressure
• C)Implied-in-law contracts
• D)Implied-in-fact contracts
• E)Contracts under seal

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Definitions:

Non-Monetary Benefits

Non-monetary benefits refer to incentives or compensations provided to employees that do not involve direct cash payments, such as health insurance, flexible working hours, or company discounts.

Level 3 Evaluation

Level 3 Evaluation measures the behavioral change and extent of application of newly learned skills in the workplace following a training program, as part of the Kirkpatrick Model.

Indirect Cost

Expenses not directly tied to the production of goods or services, such as overhead costs.

Clerical Salaries

Financial remuneration provided to employees performing administrative or secretarial tasks within an organization.