When a Firm Establishes a Long-Term Contract with Another Firm

question 22

Multiple Choice

When a firm establishes a long-term contract with another firm whereby it acquires an asset such as a machine or a building through a rental agreement,it is called a:

• A)standard supply contract.
• B)joint venture.
• C)lease contract.
• D)franchise agreement.

---

Definitions:

Conditions Of Worth

Carl Rogers' term for the conditions we think we must meet for other people to accept us as worthy of their love or positive regard.

Constructive Alternativism

A psychological theory suggesting that people have the ability to interpret their experiences in many ways, supporting the concept of multiple realities.

Eigenwelt

A term from existential psychology, referring to the ‘self-world’ or an individual's subjective experience.

Self-Determination Theory

Self-Determination Theory is a psychological theory of motivation that emphasizes the importance of humans' evolved inner resources for personality development and behavioral self-regulation.