Define and Discuss Intrinsic and Extrinsic Motivation

question 49

Essay

Define and discuss intrinsic and extrinsic motivation. How might parents and teachers help children become intrinsically motivated? Identify three outcomes of extrinsic motivation.

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Definitions:

Variable Costs

Expenses that vary directly with the level of production or sales volume.

Outside Supplier

A third-party entity that provides goods or services to a company, typically not affiliated with the purchasing company.

Opportunity Cost

The expense incurred by not choosing the second-best option during decision-making.

Managerial Decision

Choices or judgments made by managers in the context of strategic planning and resource allocation to achieve business objectives.