According to Goal-Setting Theory, People Will Perform Best When

question 80

Multiple Choice

According to goal-setting theory, people will perform best when:

• A)they do not have any goals.
• B)they are assigned specific and difficult goals.
• C)they are assigned general and difficult goals.
• D)they are assigned specific and easy goals.

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Definitions:

Total Revenue

The entire amount of income generated by the sale of goods or services before any expenses are deducted.

Opportunity Cost

The value of the next best alternative forgone as a result of making a decision to pursue a certain action.

Economic Efficiency

The optimal distribution of resources in a manner that maximizes the total utility to all individuals in the economy.

Governmental Direction

Guidance or regulation provided by government bodies to influence or control certain activities, industries, or economic policies.