The Idea That at Least Some of Our Activities Must

question 171

Multiple Choice

The idea that at least some of our activities must be motivated by inner drives and choices, rather than by external factors, reflects ____.

• A)error management theory
• B)self-determination theory
• C)action identification theory
• D)the status quo bias

---

Definitions:

Inventory Cost

The total cost associated with purchasing and producing the inventory a business holds, including the costs of materials, labor, and overhead.

Perpetual Inventory System

An accounting method where inventory quantities and cost of goods sold are continuously updated with each sale or purchase transaction.

Merchandise On Hand

The inventory of goods that a company currently has available for sale.

Operating Expenses

The costs associated with running a company’s day-to-day operations, excluding the cost of goods sold, such as salaries, rent, and utilities.