GAAP Stands for

question 94

Multiple Choice

GAAP stands for

• A) Generally Accepted Auditing Procedures.
• B) Generally Accepted Accounting Principles.
• C) Generally Accepted Auditing Principles.
• D) Generally Accepted Accounting Procedures.

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Definitions:

Perceived Inequity

Perceived inequity is feeling under-rewarded or over-rewarded in comparison with others.

Felt Equity

A sense of fairness and justice experienced by individuals in comparison to their peers or in organizational settings.

MBO

Management by Objectives; a strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed upon by both management and employees.

Frustration-regression

A psychological response wherein an individual faced with frustration or blocked goals regresses to earlier behaviors or actions as a coping mechanism.