Implied Contracts Can Be Formed Through an Employer's Representation of ________

question 79

Multiple Choice

Implied contracts can be formed through an employer's representation of ________.

• A) continued employment in writing or through oral statements
• B) fair selection process
• C) fair performance appraisal
• D) fair compensation

Explain the Fisher effect and its implications for nominal and real interest rates.

Identify and explain the costs associated with changing prices.

Understand the causes and effects of hyperinflation.

Analyze the impact of inflation tax on behavior and economic efficiency.

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Definitions:

Phineas Gage Matrix

Syndrome related to injury of the frontal cortex. Consists of cognitive dysfunctions (such as poor planning, inadequate decision-making, inability to take another’s perspective, and problems in sustaining employment) and emotional problems (such as shallow affect, lack of an enriched emotional life, lack of passion and initiative, and a diminished sense of pleasure and pain).

Frontal Lobe

The part of the cerebrum that is situated at the top front part of each hemisphere and controls voluntary muscle movements and higher-level cognitive functions such as planning, goal setting, and decision-making.

Emotional Intensity

The degree of strength or depth of an individual's emotional responses to situations or stimuli.

Social Referencing

The process by which individuals look to others in their environment for cues on how to react or behave in specific situations.