The expectation of a fair exchange of employment obligations between an employee and employer is called the psychological contract.
<h3>What is
the psychological contract?</h3>
- A psychological contract, a concept developed in contemporary research by organizational scholar Denise Rousseau, represents an employer's and an employee's mutual beliefs, perceptions, and informal obligations.
- It establishes the dynamics of the relationship and defines the specifics of the work to be done.
- It differs from the formal written employment contract, which, for the most part, only identifies mutual duties and responsibilities in broad strokes.
- The psychological contract refers to the expectation of a fair exchange of employment obligations between an employee and an employer.
- A psychological contract is defined as a philosophy rather than a formula or predetermined plan.
- Characteristics of a psychological contract include respect, compassion, objectivity, and trust.
Therefore, the expectation of a fair exchange of employment obligations between an employee and employer is called the psychological contract.
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Double jeopardy is a legal defense which, after a clear acquittal or conviction, does not preclude an accused person from being charged on the same charge again.
Explanation:
The Fifth Amendment to the Constitution states that "no one is twice liable to be targeted at the same offense." The Double-jeopardy Clause bars any second prosecution or conviction and forbids multiple penalties of the same offense.
Double jeopardy does not shield suspects from being charged for multiple offenses, while separate charges are prohibited for the same crime.
For example, An convicted person could again be charged on the "less included crime" of involuntary killing.
Answer:
Contribution margin per production hour
Product X = $12
Product Y = $15
Explanation:
Part 1
Contribution margin per production hour
Contribution margin per production hour = Contribution ÷ Time to produce one product
Therefore,
Product X = $6 ÷ 0.5
= $12
Product Y = $5 ÷ 0.33
= $15
Part 2
The Demand Units of Product X and Product Y are missing so the calculation of profitable sales mix is impossible.
This mix would have been calculated by :
- Manufacturing all the units of Product Y since Y has the highest contribution margin per production hour (demand for Y × hours required per unit)
- With the remainder of hours out of 4,700 after producing all of Product Y demand, we would then produce Product X.
Answer:
D) Internal Revenue Service
Explanation:
Since creditors are supplying raw materials and lending the money to the corporation, they are highly interested in the financial statement.
Since the management of the firm is operating the company, they have the right to know the financial statement.
Since the stockholders are the company owners and provide money, they are the primary people to know the financial position of the firm.
Finally, the <em>Internal Revenue Service</em> is the government body. IRS is helping to measure the treasury of the U.S. government. Therefore, there is no or little connection between the company and the IRS. As they do not gain anything from the company except tax, they do not have any interest in analyzing the company's financial statements.
