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.

Question

Quizplus · Accepted Answer

Verbal promises about future working conditions, benefits, raises, and promotions are typically included in an implicit labor contract between the employee and the employer. This type of contract is not written down and may not be legally enforceable, but it sets expectations for both parties regarding the terms of employment.

When a Firm Makes Verbal Promises About Future Working Conditions,benefits