The Financial Accounting Standards Board (FASB) Comprises of Thirteen Members

question 11

True/False

The Financial Accounting Standards Board (FASB) comprises of thirteen members elected by the Financial Accounting Foundation.

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Definitions:

Operant Conditioning

An educational method where the intensity of an action is altered through either rewards or penalties.

Expectancy Theory

A theory suggesting that the motivation of an individual is affected by the belief in the effectiveness of their effort, the value of the rewards associated with success, and the likelihood that their effort will lead to desired outcomes.

Equity Theory

is a theory of motivation that suggests individuals assess their job satisfaction based on the fairness of the rewards they receive relative to others.

Goal-setting Theory

A framework that suggests specific, challenging goals along with appropriate feedback contribute to higher and better task performance.