Determine the rewards valued by each employee, link rewards to performance, determine what factors might counteract the effectiveness of a reward, and make sure the rewards are adequate for the level of performance.
<h3><u>What is expectancy theory?</u></h3>
Expectancy theory is a thought method that emphasizes personal preference and the decision-making process. The process that different people go through when making decisions is outlined by expectancy theory. These options could be decisions for the real world, educational decisions, or fun decisions.
These people base their decisions on expectations of the outcomes of their decisions. We frequently make clothing decisions based on our desire to be both comfortable and ready for the day's events.
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Answer:
it acts as a stimulus to a market
Explanation:
an incentive is the extra money given to an employee for the constant hard work done,this can therefore act as a stimulus.
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Answer:
C) abandon the production of jam to fully specialize in the production of peanut butter and then trade with Company Q for jam.
Explanation:
According to different theories about trade specialization, a company or even a country should specialize in producing only those products that they can make better than their competition, i.e. have a comparative or absolute advantage in their production.
In this case, since Company R has a comparative advantage in the production of peanut butter, it should specialize in producing only that. In case they need jam, they should trade with Company Q in order to get some jam. Eventually Company Q will only produce jam since they have a comparative advantage in jam production.
Answer:
The correct answer is A
Explanation:
Study of the cost behavior provides the useful information for determining the costs.Customer demand could not be predicted by paying the attention to how the costs varies or change when the activity changes. However, the costs could be estimated or determined and changes could be made to the production which is existing in order to maximise the profit for the business.
