A Fixed Asset Is

question 4

Multiple Choice

A fixed asset is

• A) an amount due from a customer who has purchased goods on credit.
• B) an asset with long-term use or value, such as land, buildings, and equipment.
• C) an expense, such as rent, that is paid before the upcoming period in which it is due.
• D) an asset that can or will be converted to cash within the following year.
• E) a nonphysical asset, such as a patent or trademark, that has economic value in the form of expected benefit.

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Definitions:

Expectancy Theory

A motivational theory suggesting that an individual’s motivation is an outcome of how much an individual wants a reward, the assessment of the likelihood that the effort will lead to expected performance, and the belief that the performance will lead to a reward.

Equity Theory

A theory in social psychology that explains how individuals perceive fairness in the distribution of resources and rewards, influencing their motivation and satisfaction.

Goal-Setting Theory

An organizational framework positing that specific and challenging goals, along with appropriate feedback, facilitate improved worker performance.

Negative Reinforcement

Strengthens a behaviour by making the avoidance of an undesirable consequence contingent on its occurrence.