You Have Just Been Hired as the Director of Human

question 15

Multiple Choice

You have just been hired as the director of human resources at a sportswear retailer. The employee handbook states that "all employees will have the benefits listed in the handbook for as long as they are employed with the company." In revising the contents of the employee handbook, it is an important component of your role to be aware of which of the following?

• A) Employee handbooks should not form part of the orientation process since the handbook is updated regularly.
• B) It should not be a job requirement that employees review the handbook unless they are paid separately for their time to do this.
• C) In employee dismissal situations courts rarely review handbooks therefore the contents are not legally important.
• D) Courts have found employee handbook contents to represent a contract so disclaimers should be included.
• E) It is a best practice to keep benefits static over time particularly to appease long-term employees who may feel new employees a receiving a better deal.

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Definitions:

Market Period

An extremely short duration in which the supply of a good is fixed, unable to adjust to changes in demand, typically because the period is so brief.

Productive Capacity

The maximum output a firm or economy can produce when using all available resources efficiently.

Calculate Elasticity

The process of assessing how the quantity demanded or supplied of a good changes in response to changes in its price or other factors.

Unit Elastic

Describes a demand or supply situation where a change in price leads to a proportional change in the quantity demanded or supplied.