According to Four-Drive Theory, Three Drives Are Proactive (I

question 46

True/False

According to Four-drive Theory, three drives are proactive (i.e.we actively seek to fulfill them) whereas the drive to defend is reactive (i.e.activated only in reaction to threat).

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Definitions:

Expenses

Monetary outflows or costs incurred in an entity's operations.

Owner's Equity

The residual interest in the assets of a company after deducting liabilities, representing the owner's claim on the business assets.

Net Income

The total earnings of a company after deducting all expenses and taxes from total revenue.

Drawings

Amounts withdrawn by the owner(s) of a business for personal use.