Expectancy Theory Mainly Helps Us to Predict an Individual's

question 48

Multiple Choice

Expectancy theory mainly helps us to predict an individual's:

• A)effort.
• B)need for achievement.
• C)distributive justice.
• D)job satisfaction.
• E)rewards.

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Definitions:

Economic Profits

The difference between a firm's total revenue and its total costs, including both explicit and implicit costs, measuring the excess over the opportunity cost of capital.

Free Entry

A market condition where firms can freely enter or exit the market without facing significant barriers to entry or exit.

Rent-a-Wreck Industry

The business sector that specializes in renting out older, often pre-owned vehicles at reduced rates compared to standard rental services.

Economic Profits

The difference between total revenues and total costs, including both explicit and implicit costs.