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Which of the following is an important principle in the expectancy theory of motivation?
Desert Island
An uninhabited or deserted island, often depicted in literature and movies as a remote, isolated place.
Competitive Equilibrium
A market state where supply equals demand, and no economic agents have the incentive to change their behavior.
Utility Function
A mathematical representation of how a consumer ranks different bundles of goods according to the level of satisfaction or happiness they provide.
Endowed
Provided with a quality, ability, or asset; often used in the context of endowed chairs in academia or endowed grants/funds.
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