The Encumbrances Account Is Properly Termed a

question 54

Multiple Choice

The Encumbrances account is properly termed a

• A) Long-term liability.
• B) Reservation of unassigned fund balance.
• C) Budgetary account.
• D) Current liability if paid within a year; otherwise, long-term debt.

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Definitions:

Extrinsic Motivation

Motivation driven by external rewards such as money, fame, grades, or praise.

Self-efficacy

Someone's trust in their own skill to perform tasks needed for certain achievements.

Competence

The ability to do something successfully or efficiently, often referring to a specific skill set or knowledge area.

Intrinsic Motivation

the drive to engage in an activity for its own sake, deriving pleasure and satisfaction from the activity itself rather than from any external rewards.