The Third Variable in Expectation Theory Requires the Worker to Ask

question 97

Multiple Choice

The third variable in expectation theory requires the worker to ask him- or herself which question?

• A)How likely am I to attain this outcome?
• B)What do I need to do to attain this outcome?
• C)How important is this outcome to me?
• D)How important is this outcome to the organization I work for?

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Definitions:

Initial Cash Outlay

The immediate amount of cash required to initiate a project or investment, often including costs such as capital expenditures, setup costs, and any other initial expenses.

Cash Inflows

Money or funds entering a business or project from various sources such as sales, investment, or loans.

Minimax Regret Strategy

A decision-making strategy aimed at minimizing the maximum potential regret for the worst-case scenario outcome.

Opportunity Loss

The loss of potential gain from other alternatives when one alternative is chosen.