The Ethical System Known as Egoism Is Similar to Adam

question 21

True/False

The ethical system known as egoism is similar to Adam Smith's concept of the invisible hand in business.

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Definitions:

Capable Workers

Capable workers are employees who possess the skills, knowledge, and abilities required to perform their jobs effectively.

Expectancy Theory

A motivational theory that suggests an individual's behavior is determined by their expected outcomes or rewards of taking certain actions.

Expectancy

The probability that work effort will be followed by performance accomplishment.

Instrumentality

The perceived relationship between performance and outcomes, suggesting that an individual's effort will lead to a specific result.