Expectancy theory recognizes that different individuals value different rewards and therefore exert effort in relation to the value of the perceived rewards.

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This statement is true. Expectancy theory is based on the assumption that individuals will exert effort based on their perceived ability to achieve desired rewards, and that the value of these rewards is influenced by factors such as individual goals, preferences, and beliefs. Therefore, individuals will be more motivated to work towards rewards that they perceive as being more valuable or desirable.

Expectancy Theory Recognizes That Different Individuals Value Different Rewards and Therefore