Internal States Driving Action Are Called _____,And Cognitions Representing Outcomes

question 99

Multiple Choice

Internal states driving action are called _____,and cognitions representing outcomes are called _____.

• A)motivations;needs
• B)goals;needs
• C)needs;goals
• D)needs;motivation

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Definitions:

Expected Monetary Value

The predicted average amount of money gained or lost from an investment or decision, calculated by considering all possible outcomes and their probabilities.

Gross Profits

Total revenue of a company minus the cost of goods sold.

Payoff Table

A tabular representation of the outcomes (payoffs) of different decisions under various states of nature.

Advertising Budget

The amount of money allocated towards promoting a product, service, or brand during a set period.