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According to the Amount of Effort Employees Devote to a Task

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According to the amount of effort employees devote to a task depends on their expectations of the outcome.


Definitions:

Notional Severance

The theoretical division or separation of property, especially in the context of legal judgments or estate planning, without an actual physical division.

Illegal Contract

A contract that is void and unenforceable from the onset because it involves activities that violate the law or public policy.

Interest Rate

The percentage at which interest is paid by borrowers for the use of money they borrow from lenders.

Statute of Frauds

A legal principle requiring certain contracts to be written and signed to be enforceable, aimed at preventing fraud.

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