Explain the Economic Assumption That "People Are Rational

question 178

Essay

Explain the economic assumption that "people are rational."

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Definitions:

Decision To Join

The process where an individual decides whether to accept a job offer based on various factors such as compensation, job responsibilities, and organizational culture.

Job Attitudes

The feelings, beliefs, and thoughts that employees have about their jobs.

Employee Behaviour

The actions and conduct of individuals within an organizational setting, influenced by the organizational environment.

Expectancy Theory

A motivational theory suggesting that an individual's motivation is based on their expectation that effort will lead to performance and performance will lead to desired rewards.