The Theory That Worker Motivation Depends on the Expectation That

question 25

Multiple Choice

The theory that worker motivation depends on the expectation that by working hard they will achieve valued rewards is ________ theory.

• A) goal-setting
• B) response
• C) expectancy
• D) equity

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Definitions:

Short Run Equilibrium

A situation in economics where demand and supply are balanced at current prices within a short timeframe.

Contractionary Gap

A situation where the real GDP is lower than the potential GDP at full employment, indicating underutilized economic resources.

Expansionary Gap

An economic situation where the actual output exceeds the potential output, often leading to inflation.

Nominal Value of Output

The gross value of all goods and services produced, measured using current prices without adjusting for inflation.