Which of the Following Statements Is True Regarding the Cognitive

question 42

Multiple Choice

Which of the following statements is true regarding the cognitive evaluation theory?

• A) People need extrinsic rewards in order to be motivated.
• B) Extrinsic rewards tend to reduce intrinsic interest in a task.
• C) Intrinsic rewards are almost as effective as extrinsic rewards.
• D) Externally imposed standards of work largely improve intrinsic motivation.
• E) Extrinsic rewards, including verbal praise, significantly decrease intrinsic motivation.

Grasp the ethical and legal responsibilities of directors regarding corporate opportunities and conflict of interest.

Recognize the legal rights of shareholders in small private corporations and public companies.

Analyze the implications of corporate financial instruments such as debentures and mortgage bonds.

Understand the doctrine of corporate opportunity and its impact on fiduciary duties.

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Definitions:

Balance Sheet

A document displaying a firm's assets, liabilities, and owners' equity at a certain moment, which serves as a foundation for calculating return rates and assessing the organization's financial structure.

Income Statement

A financial statement that reports a company's financial performance over a specific period, including revenue, expenses, and profits or losses.

Gross Margin

A financial metric indicating the difference between revenue and cost of goods sold, which is expressed as a percentage of revenue.

Balance Sheet

An account that outlines the financial position of a corporation by showing what it owns, owes, and the amount of money invested by shareholders at a given time.