Which of the Following Theories Describes the Conditions When the Benefits

question 54

Multiple Choice

Which of the following theories describes the conditions when the benefits of higher pay outweigh higher costs?

• A)Equity theory
• B)Expectancy theory
• C)Reinforcement theory
• D)Efficiency wage theory
• E)Social exchange theory

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Definitions:

High-Value

Refers to items or services that are of significant worth, often due to their quality, scarcity, or demand.

Low-Value

Describes items or services perceived as offering limited benefit or worth compared to their cost or other alternatives.

Expected Value

A calculated average of all possible values for a random variable, weighted by their respective probabilities.

Low-Value Bidders

Participants in an auction or tender process who submit bids that are significantly lower than those of other bidders.