According to Expectancy Theory, __________

question 43

Multiple Choice

According to expectancy theory, __________.

• A) good work on the job will lead to low job performance
• B) high job performance will lead to low job rewards
• C) good work on the job will lead to high job performance, which leads to job rewards
• D) none of these

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Definitions:

Allocative Efficiency

A state of resource allocation where it is impossible to make any one individual better off without making someone else worse off, effectively maximizing overall social welfare.

Productive Efficiency

A situation where an economy or entity cannot produce more of one good without reducing the output of another good, indicating optimal resource allocation.

Monopoly Power

Monopoly power refers to the ability of a firm to control market prices and production, typically due to lack of competition in the marketplace.

Product Variety

The assortment of different products or services offered by a firm or available in a market.