As a First Year University Student, Jake Decides to Join

question 52

Multiple Choice

As a first year university student, Jake decides to join an intramural team in hopes of meeting new people. This would be an example of a(n) ________ according to Goal Contents Theory.

• A) intrinsic goal
• B) extrinsic goal
• C) fulfillment of the need for relatedness
• D) none of the above

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Definitions:

Compounded Quarterly

Interest calculation on an investment or loan that is applied four times a year.

Amortized

The process of paying off a debt over time through regular payments, where part of each payment is applied to the principal amount and part to interest.

Equal Payments

Payments of the same amount made periodically over a certain period of time, often seen in loans or annuities.

Compounded Monthly

Interest calculation method where the interest is added to the principal balance monthly, leading to interest accruing on the previously accumulated interest.