A Psychological Contract Is a Set of Expectations Held by an Individual

question 136

True/False

A psychological contract is a set of expectations held by an individual about what will be given and received in the employment relationship.

---

Definitions:

Long Hours

Working time that extends beyond the typical or standard working hours, often associated with high demands and stress.

Dependency Theory

A theory suggesting that economic development of nations is a relational process, where some countries' continued expansion is at the expense of others, leading to a state of dependency.

Conflict Theory

generally focuses on macrolevel or global structures and shows how major patterns of inequality in society produce social stability in some circumstances and social change in others.

Neoliberal Globalization

Is a policy that promotes private control of industry; minimal government interference in the running of the economy; the removal of taxes, tariffs, and restrictive regulations that discourage the international buying and selling of goods and services; and the encouragement of foreign investment.