An employee's expectation of fair and ethical treatment, in return for providing fair and reasonable amounts of work with a certain degree of quality, is called:
A) an implied contract.
B) a psychological contract.
C) residual rights.
D) contractual rights.
Answer: B
Business
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New general partners can be admitted only with the ________
A) approval of at least two-thirds of the partners B) specific consent of each partner C) merger with another limited partnership D) death of or transfer by a general partner
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A measure of the responsiveness of demand for a product to changes in price is known as:
A. the demand to price ratio. B. demand and price dynamics. C. price-demand rigidity. D. demand function of pricing. E. price elasticity of demand.
Business