Employees Are Often Hired Under an Implied Contract Where the Understanding

question 11

Multiple Choice

Employees are often hired under an implied contract where the understanding is that the employment is for an indefinite period of time and may be terminated by either party only

• A)when reasonable notice is given.
• B)when they mutually agree to terminate the employment relationship.
• C)"at will."
• D)when just cause exists.
• E)when the probationary period is over.

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Definitions:

Correlation Coefficient

A statistical measure that calculates the strength and direction of a linear relationship between two variables on a scatterplot.

Benchmark Jobs

Benchmark jobs are standard positions within an organization or industry for which the duties and responsibilities are well known, used for comparison and establishing compensation levels.

Outlier Jobs

Positions that significantly differ from other roles within an organization in terms of their job responsibilities, pay, or other factors.

Weighting The Factors

The process of assigning importance or value to different criteria or variables when making decisions or assessments.