Expectancy theory is based on the following formula: motivation = expectancy x instrumentality x valence.

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This statement is true. Expectancy theory suggests that an individual's motivation to perform a certain behavior or task is dependent on three factors: expectancy (the belief that effort will lead to performance), instrumentality (the belief that performance will lead to a desired outcome), and valence (the value or desirability of the outcome). Motivation can be calculated as the product of these three factors: motivation = expectancy x instrumentality x valence.

Expectancy Theory Is Based on the Following Formula: Motivation =