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In Expectancy Theory,______ Refers to the Value a Person Places

question 81

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In expectancy theory,______ refers to the value a person places on the outcome or reward,because not all people value the same reward.


Definitions:

Bad Debts Expense

An expense reported on the income statement, representing the estimate of receivables that are not expected to be collected.

Contra Account

An account used in the ledger to offset a related or a parent account, often showing the amount of reductions or adjustments to the main account.

Sales Account

An account in the general ledger that records the sales of goods or services.

Uncollectible Accounts

Accounts receivable that a business does not expect to collect due to customers being unable or unwilling to pay.

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