House's Path-Goal Theory Is Based on

question 39

Multiple Choice

House's path-goal theory is based on

• A)expectancy theory.
• B)Maslow's hierarchy of needs.
• C)equity theory.
• D)Herzberg's motivator-hygiene theory.
• E)McClelland's theory of needs.

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Definitions:

Market Demand

The total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices.

Long-Run Profits

The amount of money a firm makes after all inputs have been adjusted to their optimal levels, considering the long-term outlook.

Short-Run Profits

Profits earned during a brief period of time, not considering long-term investments or fixed costs.

Monopolistic Competition

A market structure where many companies sell products that are similar but not identical, allowing for significant competition.