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A Key Motivational Principle States That Performance Is Based on a Person's

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Essay

A key motivational principle states that performance is based on a person's level of ability and motivation,expressed by the formula,Performance = ƒ (ability motivation).In this formula,ability and motivation are linked by a multiplicative relationship (ability motivation),rather than an additive relationship (ability + motivation).Explain the implications of this multiplicative relationship for performance,and specify why an understanding of this fact is important to the manager.


Definitions:

Cost

The amount of money or resources expended to acquire an asset, produce a product, or deliver a service.

Book Value

The amount of an asset or liability according to its balance sheet account, minus any depreciation, amortization, or impairment costs.

Inventory Items

Goods and materials that a business holds for the ultimate goal of resale or production.

List Price

The suggested retail price of a product or service, before any discounts or adjustments.

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