The Expectancy Theory Prediction That People Work to Maximize Their

question 60

Multiple Choice

The expectancy theory prediction that people work to maximize their personal outcomes is consistent with:

• A)Adams' equity theory of social exchange contributions/inputs
• B)Adam Smith's ideas of working in one's own self interest
• C)Maslow's hierarchy of need and the progression hypothesis
• D)Herzberg's emphasis on pay and hygiene factors

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Definitions:

Spending

The act of utilizing financial resources to purchase goods, services, or assets, or to cover operating costs.

Cost Aggregation

The process of combining individual costs or expenses to form a summary total.

Subtotaling Costs

The process of summing up individual costs to create a comprehensive total before final totals or further calculations.

EAC

"Estimate At Completion" - a forecast of the total cost of a project at its conclusion, accounting for all known risks and variables.