Cliff Works for the New York Department of Transportation

question 69

Multiple Choice

Cliff works for the New York Department of Transportation.He perceives that his union's contract is so strong he can't be fired and the only way he will get promoted is if the person above him dies or retires.He has

• A) low effort-to-performance expectancy and low performance-to-outcome expectancy.
• B) low effort-to-performance expectancy and high performance-to-outcome expectancy.
• C) high effort-to-performance expectancy and low performance-to-outcome expectancy.
• D) high effort-to-performance expectancy and high performance-to-outcome expectancy.
• E) zero valence.

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Definitions:

Commingled Funds

Investment funds that pool assets from multiple investors, allowing for diversified investments managed by a professional manager.

Individual Investors

Private investors who buy and sell securities for their personal account, and not for another company or organization.

Separate Basis

In tax accounting, the calculation of gain or loss on each asset individually rather than on a combined basis.

Professional Management

The aspect of mutual funds and investment portfolios where experienced managers make investment decisions on behalf of investors, aiming to achieve the best returns possible.