Name a Psychological Factor That Determines Whether an Event Will

question 156

Essay

Name a psychological factor that determines whether an event will initiate stress.

Differentiate between service, cost, and profit centers within an organization.

Understand the principles of activity-based costing and its application.

Grasp the concept of controllable versus uncontrollable costs and their relevance in managerial performance evaluation.

Understand the principles of cost allocation to departments and products.

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Definitions:

Incentive

Something that motivates or encourages an individual to take action or to perform a behavior.

External Goal

An objective or target that an individual aims to achieve, which is set outside of themselves, such as career achievements or material possessions.

Motivate Behaviour

The process of influencing or stimulating an individual to act in a certain way or pursue particular goals.

Biological Motives

Innate drives arising from biological needs that are critical for the survival and reproduction of an organism.