Suppose that due to a shortage of parts from its Asian suppliers, Apple experienced a 25% drop in its sales. Even though its sales decreased, Apple did not cut the wages of its non-unionized workers. This is an example of

Question

Quizplus · Accepted Answer

This is an example of an implicit or social contract not to cut wages, as Apple chose to prioritize its commitment to its employees over maximizing profits during a difficult time.

Suppose That Due to a Shortage of Parts from Its