Costs Incurred to Earn Revenue Are Referred to as _____

question 2

Multiple Choice

Costs incurred to earn revenue are referred to as _____.

• A) common stock
• B) expenses
• C) liabilities
• D) retained earnings

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Definitions:

Expectancy Theory

Expectancy Theory is a motivational theory that suggests an individual’s behavior is determined by their expected outcomes and the attractiveness of those outcomes.

Instrumentality

The perception that a certain level of performance will lead to the attainment of a desired outcome.

High Power Need

A psychological term describing a person's desire to exert control or influence over others.

McClelland

A reference to David McClelland, an American psychologist known for his work on motivation needs theory, including the needs for achievement, affiliation, and power.