Thomas Has Worked Under the Same Supervisor for 35 Years

question 52

Multiple Choice

Thomas has worked under the same supervisor for 35 years and considers her a good friend. His relationship with his supervisor is based on a(n)

• A) relational contract.
• B) transactional contract.
• C) interpersonal contract.
• D) social contract.

---

Definitions:

Comparative Advantage

The proficiency of an individual or group in executing a certain economic function more effectively than other tasks.

Lowest Cost

The scenario in which the expenditure required to achieve a certain objective or to purchase goods and services is minimized.

Opportunity Cost

The act of sacrificing possible gains from alternative decisions when one is made.

Freight Train

A freight train is a train composed of freight cars for the purpose of transporting goods and materials rather than passengers.