Who Would Be Included in the Labor Force

question 361

Multiple Choice

Who would be included in the labor force?

• A)Homer, who is waiting for his new job to start
• B)Michelle, who has become discouraged looking for a job and has quit looking
• C)Derrick, an unpaid homemaker
• D)None of the above would be included in the labor force.

Understand the concept and importance of a code of ethics within an organization.

Analyze ethical dilemmas using various ethical tests and guidelines.

Acknowledge the impact of ethical decision making on organizational culture and individual behavior.

Understand the principles and importance of random assignment in experimental design.

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Definitions:

Consideration

Something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.

Quantum Meruit

A legal principle meaning "as much as he has deserved," allowing a person to recover reasonable compensation for services or goods provided when no contract exists, or where a contract exists but precise amounts are not specified.

Relied Promise

This term does not correspond to standard legal or contractual terminology and may not be a real key term. NO.

Quantum Meruit

A Latin phrase meaning “what one has earned,” used in law to determine the amount to be paid for services rendered when no contract exists or when a contract is unenforceable.