A Key Idea in Reinforcement Theory Is That

question 87

Multiple Choice

A key idea in reinforcement theory is that:

• A)goals should be set by everyone in an organization.
• B)managers can use both rewards and punishment to influence employee behavior.
• C) managers should use the same reinforcement techniques for all employees.
• D)employees are more likely to obey written instructions than verbal instructions.

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Definitions:

Utility Function

An economic model that describes how consumers rank different bundles or combinations of goods according to the level of satisfaction or utility they provide.

Equivalent Variation

A measure in economics that captures the change in wealth needed to maintain utility at a pre-change level after a price change.

Income

Money that an individual or business receives in exchange for providing labor, producing goods, or investing capital, over a certain period.

Utility Function

A mathematical representation that translates the satisfaction or happiness a consumer gains from consuming quantities of goods and services into a numerical value.