The Opportunity Cost of Attending a Movie Is the Purchase

question 11

True/False

The opportunity cost of attending a movie is the purchase price of a ticket.

---

Definitions:

Expectancy Theory

A process theory that states that motivation is determined by the outcomes that people expect to occur as a result of their actions on the job.

High Level

Referring to something that is of great importance, complexity, or positioned at the top of a hierarchy or system.

Instrumentality

The probability that a particular first-level outcome will be followed by a particular second-level outcome.

Expectancy

The probability that a particular first-level outcome can be achieved.