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A service proprietorship shows five transactions summarized below. The effect of each transaction on the accounting equation is shown, and also the new balance of each item in the equation. For each transaction (a) to (e) write an explanation of the nature of the transaction.
Parkinson's Law
The adage that "work expands to fill the time available for its completion," suggesting efficiency decreases as the amount of time allowed increases.
Motivates
Provides a reason or stimulus for someone to act in a particular way or to achieve a goal.
Motivation-Hygiene Theory
A theory proposed by Frederick Herzberg that suggests job satisfaction and dissatisfaction arise from two different sets of factors—satisfaction comes from motivating factors and dissatisfaction from hygiene factors.
Motivators
Factors that drive individuals to perform actions or pursue goals, often related to fulfilling needs or achieving aspirations.
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