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According to the Expectancy Theory, the Term _____ Refers to How

question 64

Multiple Choice

According to the expectancy theory, the term _____ refers to how desirable each of the outcomes available from a job or organization is to a person.


Definitions:

Price Falls

A decrease in the cost of goods or services in the market.

Surplus Decrease

A reduction in the amount by which the quantity supplied of a product exceeds the quantity demanded.

Consumer Surplus

The gap between the amount consumers are prepared to pay for a product or service and the actual price they pay.

Surplus Increase

Refers to the rise in excess resources or goods available beyond what is needed or consumed.

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