In the Expectancy Theory of Motivation, the Value the Individual

question 40

Multiple Choice

In the expectancy theory of motivation, the value the individual assigns to possible rewards and other work-related outcomes is called ___.

• A) instrumentality
• B) valence
• C) expectancy
• D) the multiplier effect
• E) comparable worth

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Definitions:

Market Equilibrium

This is the condition in a market where the quantity supplied equals the quantity demanded at a certain price level, leading to a stable market situation where there is no tendency for change.

Classical Employment Theory

An economic theory suggesting that the market for labor will always clear, meaning unemployment would only be temporary and the labor market would adjust through wage changes.

Loanable Funds Market

A theoretical market in which borrowers and lenders negotiate loans or savings, determining the interest rates through supply and demand for funds.

Unemployment

The situation of being jobless and actively looking for work but unable to find a job.