An Invoice of $420

question 55

True/False

An invoice of $420.00 is received with credit terms of 2 / 20, N / 30. If it is paid within the discount period, the discounted amount is $8.40.

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Definitions:

Dual Factor Theory

Dual Factor Theory, also known as Herzberg's motivation-hygiene theory, proposes that job satisfaction and dissatisfaction arise from two separate sets of factors—motivation factors that lead to job satisfaction and hygiene factors that prevent dissatisfaction.

Hygiene Factors

According to Herzberg's two-factor theory, aspects of the work environment that can cause dissatisfaction if missing, such as salary, company policies, and working conditions, but do not necessarily motivate when improved.

Need-Based Theories

A group of theories in psychology that focus on understanding the different needs that motivate human behavior and actions.

Motivation

The inner drive or process that stimulates and directs human behavior towards achieving personal or organizational goals.