Doug Is an Employee of McDowell Instruments

question 42

Multiple Choice

Doug is an employee of McDowell Instruments.Doug takes longer breaks than his coworkers, and often rationalizes his behavior because the organization does not pay him enough for the level of work that he does.Doug is reducing his perceived inequity by

• A) altering his perception of self.
• B) altering his perception of the situation.
• C) changing his inputs.
• D) changing his outcomes.
• E) changing the object of comparison.

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Definitions:

FASB

Stands for the Financial Accounting Standards Board, which is responsible for establishing and improving financial accounting and reporting standards in the United States.

GAAP

Generally Accepted Accounting Principles, a standard framework of guidelines for financial accounting.

SEC

The U.S. Securities and Exchange Commission, a federal agency responsible for enforcing federal securities laws and regulating the securities industry.

CPA

Certified Public Accountant, a professional designation given to accountants who pass a licensing examination and meet other state requirements.