The Accounting Records of Upton Company Revealed the Following Information

question 107

Multiple Choice

The accounting records of Upton Company revealed the following information:

Upton's cost of goods sold is:

• A) $721,000.
• B) $730,000.
• C) $778,000.
• D) $787,000.
• E) None of the answers is correct.

---

Definitions:

Overjustification Effect

The phenomenon where providing excessive external rewards for an already internally rewarding activity leads to a decrease in intrinsic motivation.

Overjustification Effect

The phenomenon in which rewarding a person for performing an activity actually decreases their intrinsic motivation to perform that activity.

Externality Hypothesis

A theory suggesting that individuals attribute their success to internal factors and failures to external factors, often explored within the context of social psychology and self-perception.

Principle Homeostasis

The regulatory principle that organisms maintain a stable internal environment despite external changes.