One Organizational Implication of Expectancy Theory Is That Rewarding People

question 81

True/False

One organizational implication of expectancy theory is that rewarding people for desired performance and keeping pay decisions secret minimizes morale problems.

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Definitions:

Actual Overhead

The real costs incurred by a business for its overhead during a specific period, not estimated.

Production Efficiencies

The optimization of processes to maximize output while minimizing waste and costs.

Labor Costs

The total expenses incurred by a company for the compensation of its employees, including wages, benefits, and taxes.

Factory Depreciation

The decrease in value of manufacturing equipment and facilities over time due to wear and tear or obsolescence, considered an indirect cost of production.