A primary reason for the use of implicit contracts in internal labor markets is to:
A) establish long-term employment relationships.
B) encourage employees to participate in decision making.
C) reduce the costs associated with formalizing contracts.
D) reduce the training and recruitment expenses.
Correct Answer:
Verified
Q27: If a firm is inundated by qualified
Q28: We know that a firm is paying
Q29: Which of the following is not a
Q30: When a firm makes verbal promises about
Q31: Firms with internal labor markets have more
Q33: When rates of pay and job assignments
Q34: When a company is very dependent on
Q35: Self-selection:
A)increases the number of qualified applicants for
Q36: Efficiency wages can be used to:
A)prevent self-selection
Q37: The Occupational Safety and Health Administration (OSHA)attempts
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