In Equity Theory, ________ Is Rethinking Your Inputs to Restore

question 97

Multiple Choice

In equity theory, ________ is rethinking your inputs to restore balance mentally without altering your behavior in any way.

• A) equity distress
• B) instrumentality
• C) cognitive distortion
• D) internal comparisons
• E) external comparisons

Understand the concept and importance of corporate social responsibility (CSR) in the contemporary business environment.

Grasp the results and impact of social entrepreneurship on society and economy.

Distinguish between different types of enterprising nonprofits and their operational differences.

Identify and explain various forms of social venture capital and their implications on social entrepreneurship.

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Definitions:

Cost Of Goods Sold

The direct expenses incurred in making the goods a company sells.

Variable Cost

Costs that change in proportion to the level of production or sales activities in a company, such as raw materials and labor expenses.

Fixed Cost

Costs that remain constant in total regardless of changes in the level of production or sales over a certain period of time, such as rent, salaries, and insurance.

Product Cost

The total amount of expenses incurred to produce a product, including direct labor, materials, and overhead.