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According to
E. L. Thorndike's Law of Effect states that a response followed by a reward is more likely to recur in the future. High performance not followed by a reward will make it less likely in the future.
E. L. Thorndike's Law of Effect, high performance followed by a reward will motivate employees to repeat the performance and make it recur more often in the future.
Moralistic Managers
Leaders who prioritize ethical considerations and moral values in their decision-making processes and management styles.
Ambiguous Situations
Scenarios or circumstances that lack clarity and can be interpreted in multiple ways, often leading to uncertainty and confusion in decision making.
Terminal Value
The estimated value of an investment at the end of its life, considering all future cash flows reduced to their present value.
Sense of Accomplishment
A feeling of satisfaction obtained from successfully completing a task or achieving a goal.
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