Consider the Following Gamble: on the Toss of a Fair

question 10

Multiple Choice

Consider the following gamble: on the toss of a fair coin, you receive $10 million if a head appears and nothing if a tail appears. What is the expected payoff from the gamble?

• A)$3 million
• B)$5 million
• C)$2 million
• D)$1.5 million

Explain the differences between intrinsic and extrinsic rewards and their role in motivation.

Distinguish between different motivation theories and their application to organizational behavior.

Understand the concept of job rotation and its requirements for implementation.

Comprehend the benefits and challenges of maintaining pay secrecy within organizations.

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Definitions:

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed, leading to a belief that one's actions have no effect on the environment.

Learned Optimism

The concept that optimism can be cultivated by changing negative thought patterns, thereby improving one's outlook on life and resilience to stress.

Hostility Component

A facet of aggression or anger that involves feelings of antagonism and the desire to harm or oppose others.

Aggressive Personality

This refers to a type of personality characterized by a predisposition towards aggressive behaviors and thoughts, often resulting in confrontations or conflicts with others.