Which Theory Explains How People Develop Perceptions of Fairness in the Distribution

question 41

Multiple Choice

Which theory explains how people develop perceptions of fairness in the distribution and exchange of resources?

• A) Equity theory
• B) Expectancy theory
• C) Goal-setting theory
• D) Attribution theory

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Definitions:

Accounts Payable Period

The average time period a company takes to pay off its suppliers after a purchase has been made, an important measure of liquidity and cash flow management.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials and labor.

Accounts Payable Balance

The total amount of money a company owes to suppliers or creditors for items or services purchased on credit.

Purchase Price

The amount of money paid to buy a good, service, or financial asset.