Which Theory Is Based on the Phenomenon of Social Comparison

question 82

Multiple Choice

Which theory is based on the phenomenon of social comparison and states that people will act to eliminate any perceived unfairness in the rewards they receive for their work in comparison with the rewards that others receive?

• A) Acquired needs theory
• B) ERG theory
• C) Expectancy theory
• D) Equity theory
• E) Reinforcement theory

Analyze how different cost structures (e.g., ATC, AVC, MC) affect production decisions and efficiency.

Apply economic principles to determine optimal plant size and output levels for firms.

Identify the impact of technological innovations on production costs and economies of scale.

Recognize the implications of scale economies on industry structure and market competition.

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Definitions:

Financial Institution

Organizations that provide financial services to its clients or members, including banks, credit unions, stock brokerages, and insurance companies.

Initial Public Offering

The process by which a private company becomes publicly traded by offering its shares to the public for the first time.

Venture Capitalism

A financing method where investors provide funds to startups and small businesses with high growth potential in exchange for equity, or partial ownership of the company.

Stock Exchange

A marketplace where securities, such as stocks and bonds, are bought and sold.