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An Offer to Pay a Reward Is an Offer to Form

question 8

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An offer to pay a reward is an offer to form a(n) ________ contract.


Definitions:

Performance Goals

Specific targets or objectives set to measure and achieve desired outputs and outcomes from an individual's work.

Expectancy Theory

A theory of motivation that posits that individuals are motivated to act in a certain way based on their expectations that the act will be followed by a given outcome and the attractiveness of that outcome.

Goal-Setting Theory

A theory suggesting that setting specific, challenging goals, with appropriate feedback, leads to higher performance.

ERG Theory

A theory of human motivation that categorizes needs into three groups: Existence, Relatedness, and Growth.

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