Contractual Management is characterized by which of the following statements? Choose all that apply.

1. An understanding between employer and employee that is either an implied or an actual legal contracti.e., a list of rights/benefits and responsibilities.
2. Training employees to be more productive in their jobs.
3. Providing employees pay, benefits, and working conditions that incentivize productivity and retention of the best performers.
4. Managers consult employees on how they would like to be managed.