Rewards and Costs Are an Important Component of Social Exchange

question 19

Multiple Choice

Rewards and costs are an important component of social exchange theories of relationship development. Which one of the following statements about rewards and costs is accurate?

• A) Rewards are concrete events, whereas costs are abstract events.
• B) Events that were once rewarding may become costly over time.
• C) What is rewarding for one person will always be rewarding for another person.
• D) People are motivated to minimize rewards and maximize costs.

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Definitions:

Copyright

A form of protection given to the creators of original works, granting them exclusive rights to use and distribute their work for a limited time.

Product Life Cycle

A concept that describes the stages a product goes through from when it was first thought of until it is removed from the market.

Market Position

The rank or standing of a company's product or service in a marketplace relative to the competition, often based on factors like sales, perception, and reputation.

Financial Objectives

The monetary goals a company aims to achieve, such as profit targets, cost reduction, and revenue growth.