The Basic Principle of Equity Theory Is That Workers Try

question 48

Multiple Choice

The basic principle of equity theory is that workers try to:

• A)maintain equity between inputs and outputs compared to people in similar positions.
• B)ensure that performance standards are fair and attainable.
• C)earn as much as possible with as little work as possible.
• D)achieve the mutually agreed upon goals of management and employees.

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Definitions:

First-Order Autoregressive Model

A time series model where the current value is based on a linear combination of the previous value and a stochastic error term.

Nonautocorrelated Random Error

Errors in a dataset that occur randomly and are not correlated with each other, indicating no predictable pattern in the fluctuations.

Autoregressive Model

An Autoregressive Model is a statistical model for analyzing and forecasting time series data, where future values are assumed to be a linear function of past values.

Exponential Smoothing Model

A forecasting technique that applies decreasing weights to past data, with the most recent data weighted most heavily.