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If the present value of lease payments represents substantially all of the fair value of the leased property, the
Job Characteristics Model
A theory that proposes that the nature of a job itself affects employee motivation, job satisfaction, and performance, focusing on five core job dimensions: skill variety, task identity, task significance, autonomy, and feedback.
Task Identity
Refers to the degree to which a job requires completion of a whole and identifiable piece of work, making it possible to see the outcome of one's efforts.
Teamwork
The collective endeavor of a team to accomplish a shared objective or finish a task in the most optimal and productive manner.
Hygiene Factor
A term in Herzberg's motivation theory, referring to extrinsic conditions that prevent dissatisfaction but do not necessarily motivate employees.
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