Question

In: Operations Management

Employment at will means: Select one: a. workers or managers terminate an employment arrangement any reason,...

Employment at will means:

Select one:

a. workers or managers terminate an employment arrangement any reason, or no reason

b. employers can hire anyone they wish

c. workers can take any job they wish

d. the government does not interfere in employment contracts

The liberty of contract states that:

Select one:

a. the right to compose a contract is a natural right

b. labor unions are not illegal

c. laborers and employers can write their own contracts

d. laborers and managers can negotiate any contract they please as long it is based on mutual consent

A corporation has decided that based on transaction cost economics, it is cheaper to acquire some services and production in the domestic open economy than to produce them in house. This is an example of:

Select one:

a. offshoring

b. outsourcing

c. structural change

d. competitive pressures

Solutions

Expert Solution

The answer is given below:

a. workers or managers terminate an employment arrangement any reason, or no reason

At will in employment terms can be defined as an agreement between the employer and employee wherein the employer has the rights to terminate the employee for any reason.

The answer is given below:

d. laborers and managers can negotiate any contract they please as long it is based on mutual consent

The liberty of contract can be defined as the agreement between the employer and the employee wherein the contract can be negotiated.

The answer is given below:

a. offshoring

Offshoring can be defined as a part of an organization services or manufacturing moved to other countries for cost advantage, economic conditions etc.

keosha answered 2 years ago
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