The Two Basic Kinds of Inequity Are___________

question 100

Multiple Choice

The two basic kinds of inequity are___________ .

• A) performance and situational inequities
• B) underreward and overreward
• C) balanced and unbalanced rewards
• D) intrinsic and extrinsic inequities
• E) higher-order and lower-order inequities

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Definitions:

Purchase Discounts

Reductions in the price of goods purchased, usually as a reward for early payment to the supplier.

Freight-In

The cost associated with getting inventory to a business, usually included in the cost of goods sold.

GAAP

The collection of standard accounting practices widely recognized for financial reporting is called Generally Accepted Accounting Principles.

Perpetual System

A system for managing inventory accounts that instantly logs inventory sales or acquisitions using computerized point-of-sale systems and software for enterprise asset management.