An Unspoken Agreement Between Workers and Firms That the Firm

question 197

Multiple Choice

An unspoken agreement between workers and firms that the firm will not cut wages is known as

• A) an implicit or social contract.
• B) an explicit contract.
• C) a relative-wage contract.
• D) employment-at-will.

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Definitions:

Demographics

Statistical data relating to the population and particular groups within it, often used to identify trends and patterns regarding age, gender, income level, and education.

Valuing Coworker Diversity

Acknowledging and appreciating the differences and unique contributions of coworkers from various backgrounds, leading to a more inclusive and productive workplace environment.

Global Work Force

Refers to the international labor pool of workers, enabling companies to draw employees from around the globe for diverse and skilled talent.