According to the Incentive Principle

question 24

Multiple Choice

According to the Incentive Principle:

• A)it is irrational to perform volunteer services.
• B)people will always take the highest-paying job they are offered.
• C)benefits are more important than costs in making a decision.
• D)people tend to do more of something when its benefits are greater.

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Definitions:

One Quarter

A term referring to one-fourth of a year, used in financial and business contexts to divide the fiscal or calendar year into four periods for reporting purposes.

One Year

A period consisting of 12 consecutive months.

Unearned Revenue

An accounting term referring to money received for a product or service yet to be delivered or performed.

Customers Pay

This term refers to the action of clients or buyers giving money in exchange for goods or services.