Developing a New Financial Software Tool That Can Be Sold

question 27

Multiple Choice

Developing a new financial software tool that can be sold to other organisations is an example of production in the:

• A) primary sector, or agrarian economy.
• B) tertiary sector, or service economy.
• C) secondary sector, or industrial/manufacturing economy.
• D) quaternary sector, or knowledge economy.
• E) global economy.

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Definitions:

Overjustification Effect

Occurs when an external incentive such as a reward, decreases a person's intrinsic motivation to perform a task.

Self-handicapping

Strategies people use to create obstacles and excuses for themselves so they can avoid blame for possible future failures.

Anticipatory Excuses

The justifications or reasons provided in advance to mitigate potential future blame or negative judgements.

Subsequent Performances

Refers to the performances or actions that follow an initial event or activity, often analysed to gauge improvement, decline, or consistency over time.