Exchange Theory, Rational Choice Theory, and Network Theory Are All

question 60

True/False

Exchange theory, rational choice theory, and network theory are all related to one another.

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Definitions:

Psychological Contract

The set of expectations held by an individual about working relationships with the organisation.

Exchange of Values

Refers to the process where goods, services, or ideas are traded between individuals or entities, each perceiving value in the exchange.

Ideal Work Situation

A hypothetical scenario where an employee's work environment, tasks, relationships, and rewards perfectly meet their preferences and needs.

Organisational Objectives

The specific, measurable, and achievable goals that an organization aims to accomplish within a set timeframe to fulfill its mission.