Examlex
If a perfectly competitive firm maximises short-run profits, its marginal revenue will be positive and less than its price.
Expectancy Theory
A theory in psychology that proposes an individual's motivation is related to their expected outcomes of a behavior and the value they place on those outcomes.
External Locus of Control
A psychological concept suggesting that individuals believe external forces or circumstances primarily determine their life events and outcomes.
Situational
Related to or dependent on a particular set of circumstances or context.
Dispositional
Relating to the inherent qualities, traits, or tendencies that contribute to a person's enduring behavior patterns or characteristics.
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