Which of the Following Helps Explain Why Some People Do

question 19

Multiple Choice

Which of the following helps explain why some people do not work as hard as they can when their salaries are based purely on seniority?

• A) Two-factor theory
• B) Maslow's hierarchy of human needs
• C) Scientific management
• D) Expectancy theory
• E) Theory X and Theory Y

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Definitions:

Interest Rate

The part of a loan that accrues interest for the borrower, customarily denoted as a yearly percentage of the loan's outstanding sum.

Inflationary Premium

The portion of investment returns or interest rates that compensates for expected inflation, protecting the purchasing power of money.

Time Preference

The degree to which individuals value present goods or satisfaction over future goods or satisfaction.

Real Rate

The rate of interest an investor expects to receive after allowing for inflation.