Which Term Below Is Defined as External Awards to Employees

question 108

Multiple Choice

Which term below is defined as external awards to employees?

• A) intrinsic rewards
• B) inherent rewards
• C) extraneous rewards
• D) extrinsic rewards

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Definitions:

FASB Controls

Guidelines and standards established by the Financial Accounting Standards Board (FASB) to govern the financial reporting and accounting practices of companies in the United States.

GAAP Controls

Financial and accounting guidelines and standards designed to ensure accurate and consistent financial reporting and accounting practices.

Bank Statement

A document or report provided by a bank, summarizing the transactions in a customer's account over a specific period.

Liability

An obligation of a company or individual, representing debts or financial responsibilities owed to others.