Which Element of Expectancy Theory Could Be Phrased as the Question

question 50

Multiple Choice

Which element of expectancy theory could be phrased as the question, "What's the probability that, if I do a good job, that there will be some kind of outcome in it for me?"

• A) expectancy
• B) instrumentality
• C) effort
• D) valence

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Definitions:

Exchange Rates

The price of one currency in terms of another currency, which determines how much of one currency can be exchanged for another.

International Trade

The exchange of goods and services between countries, which can involve the import and export of products, contributing to a country's economy.

Foreign Currency

Currency used in a country other than one's own, representing the medium of exchange in that foreign country.

Forward Market

A type of financial market where contracts for future delivery of goods, services, or financial instruments are traded.