Who created the formula for the expectancy theory?
a. B. F. Skinner
b. David McClelland
c. Victor Vroom
d. J. Stacy Adams
c. Victor Vroom
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Slater Company uses the cash basis of accounting. Slater Company collected $950,000 from its customers during 2015. Customers owed Slater $150,000 of accounts receivable at the beginning of 2015, and $190,000 of accounts receivable at the end of 2015. What is Slater's sales revenue for 2015 under the accrual basis of accounting?
A) $810,000 B) $950,000 C) $990,000 D) $940,000
Select the statement that correctly describes the dependence effect derived from John Kenneth Galbraith's ideas on consumer affluence.
A. Consumer demand depends on what producers have to sell. Demand is a function of supply. Advertising creates wants. B. Consumers depend on the free market to learn about the products they may need and want. C. Owners of productive capital depend on giving consumers what they want; otherwise they would lose their investment. D. Supply follows and depends on demand; consumers are only getting what they want.
Create _______________ for important information
a. space b. relevance c. a need d. a market
An action to undo a contract is called restitution
Indicate whether the statement is true or false