Understanding Economics Would Be Helpful to Which of the Following

question 38

Multiple Choice

Understanding economics would be helpful to which of the following individuals?

• A)a college student planning her next semester courses
• B)an engineer building a superhighway
• C)a fashion designer selecting fabric for a new spring collection
• D)a restaurant owner deciding whether to expand his establishment's hours of operation
• E)All of the students listed.

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Definitions:

Perceptions of Rewards

Perceptions of rewards involve how individuals interpret and value the incentives and benefits they receive from their work or actions.

Expectancy Theory

A motivation theory suggesting that individuals are motivated to act in certain ways based on their expectations of outcomes and their valuations of those outcomes.

Valence

Is the value a person assigns to work‐related outcomes.

Work-Related Outcomes

The results or consequences stemming from employment, such as job satisfaction, productivity, and turnover.