An Expectancy of 0.0 Indicates

question 10

Multiple Choice

An expectancy of 0.0 indicates:

• A)performance is totally dependent on effort.
• B)high performance reduces the chance of obtaining the outcome.
• C)attainment of an outcome is totally dependent on task performance.
• D)effort has no anticipated impact on performance.
• E)there is no relationship between performance and outcome.

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Definitions:

Willingness to Pay

The highest price a consumer is prepared to pay for a good or a service.

Rule of Reason

A legal doctrine used in antitrust law that evaluates the restrictive practices of a business by considering the purpose of the practice and its effect on competition.

Sherman Act

A landmark federal statute in the field of United States antitrust law passed in 1890 to outlaw monopolistic business practices.

Demand Elasticity

An indicator that reflects the degree of change in demand for a good due to price adjustments.