____ Theory Proposes That Through the Consequences for Behavior,people Will

question 3

Multiple Choice

____ theory proposes that through the consequences for behavior,people will be motivated to behave in predetermined ways.

• A)Equity
• B)Goal-setting
• C)Expectancy
• D)Reinforcement

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Definitions:

Normal Profit

The minimum profit necessary for a company to remain competitive in the market, often considered the cost of doing business.

Marginal Cost

The cost increase associated with the production of an extra unit of a product or service.

Competitive Firms

Businesses that operate in a market environment where they vie with others to offer goods or services, focusing on price, quality, and innovation.

Monopolists

Individuals or entities that hold a monopoly, controlling the entire supply of a good or service in a particular market, eliminating competition.