Social Exchange Theory

question 59

Multiple Choice

Social exchange theory:

• A) defines social interaction on the basis of the needs of those involved
• B) views social interaction in economic terms
• C) views social interaction as a collective dilemma
• D) defines social interaction in terms of the relationship between the perceived and objective source of conflict
• E) views social interactions as a system of checks and balances

---

Definitions:

Assignee

A person, company, or entity to whom rights or interests have been transferred by another, known as the assignor.

Liabilities

Obligations that a person or company owes to others, often in the form of debts or other financial commitments.

Check Conversion

The process of electronically transforming a paper check into an electronic payment, speeding up the transaction process.

Holder in Due Course

A legal term for a person who has acquired a negotiable instrument in good faith and for value, thereby having certain protections.