According to Emerson, Which of the Following Is a Core

question 74

Multiple Choice

According to Emerson, which of the following is a core assumption of exchange theory? Select all, but only those that apply.

• A) Events are rational because people act to make them as such.
• B) Norms explain most, if not all of human behavior.
• C) Events become less utility as people become satiated.
• D) Benefits people receive are dependent upon the benefits they can offer others in exchange.

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Definitions:

Property, Plant, And Equipment

Long-term assets vital to business operations and not easily converted into cash, including land, buildings, and machinery.

Current Liabilities

Current liabilities are financial obligations a company needs to pay within one year, including accounts payable, short-term loans, and other similar debts.

Owner's Equity

The residual interest in the assets of a business after deducting its liabilities, representing the ownership's claim on the assets.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or a business cycle, whichever is longer.