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    Managerial Economics Study Set 1
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    Exam 14: Attracting and Retaining Qualified Employees
  5. Question
    When a Firm Makes Verbal Promises About Future Working Conditions,benefits
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When a Firm Makes Verbal Promises About Future Working Conditions,benefits

Question 3

Question 3

Multiple Choice

When a firm makes verbal promises about future working conditions,benefits and raises,and promotions,it is offering a(n) :


A) implicit labor contract.
B) explicit labor contract.
C) human capital contract.
D) compensating wage differential.

Correct Answer:

verifed

Verified

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