The Four Central Components of Expectancy Theory Are ____

question 3

Multiple Choice

The four central components of expectancy theory are ____.

• A) job outcomes,victories,implementation,and expectancy
• B) job outcomes,valences,instrumentality,and expectancy
• C) job security,valences,implementation,and eagerness
• D) job security,valences,instrumentality,and expectancy

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Definitions:

Increasing Cost Industry

An industry in which production costs increase as output expands, often due to limited resources or other constraints.

Increasing-Cost Industry

An industry in which the costs of production increase as more firms enter the market, typically due to limitations in resources.

Decreasing-Cost Industry

An industry in which the average cost of production decreases as the industry grows and output increases.

Decreasing Returns to Scale

A situation in which a proportional increase in all inputs leads to a less than proportional increase in output, indicating reduced efficiency as scale of production expands.