Briefly Describe the Expectancy Theory Developed by Victor Vroom

question 17

Essay

Briefly describe the expectancy theory developed by Victor Vroom.

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Definitions:

Trade Freedom

A measure of the absence of trade barriers that affect imports and exports, such as tariffs and quotas.

Fiscal Freedom

The degree to which individuals and businesses control their own economic resources, including the policies and laws that influence taxation and government spending.

Tariff

A tax imposed by a government on imported or, less commonly, exported goods to control trade volumes, protect domestic industries, or generate revenue.

Macropolitical Risk

The risk of losing money or facing instability due to political changes or instability at a country-wide level, affecting investment and business operations.