The Expectancy Theory of Motivation Is Similar to Fiedler's Contingency

question 80

True/False

The expectancy theory of motivation is similar to Fiedler's contingency model of leadership in that both emphasise subordinates' needs and goals.

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Definitions:

Utility Function

A mathematical representation that ranks consumer preferences over a set of goods or services, often leading to an optimal choice.

Consumption

The usage of goods and services by households or individuals, forming a major component of aggregate demand in an economy.

Income

Income refers to the money received by an individual or entity, typically in the form of wages, salaries, or returns from investments, over a specified period of time.

Interest Rate

The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.