The Idea That Worker Motivation Is Dependent on Expected Outcomes

question 47

Multiple Choice

The idea that worker motivation is dependent on expected outcomes, the desirability of those outcomes, and the effort needed to achieve them is called _____ theory.

• A)outcome
• B)expectancy
• C)desirable outcome
• D)EDE

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Definitions:

Tacit Collusion

An unspoken, informal agreement among competitors to limit competition, such as by fixing prices or dividing market territories, without explicit communication.

Price Effect

The impact that a change in the price of a good or service has on consumers' demand for that good or service.

Output

The quantity of goods or services produced in a given time period.

Cartels

Formal agreements among competing firms in the same industry aimed at controlling production, fixing prices, and restricting competition.