Playing the Piano for the Fun of It Is an Example

question 46

Multiple Choice

Playing the piano for the fun of it is an example of __________; playing the piano because one is being paid is an example of __________.

• A) extrinsic motivation...intrinsic motivation
• B) intrinsic motivation...extrinsic motivation
• C) drive...homeostasis
• D) homeostasis...drive

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Definitions:

Selling Price

The amount of money charged for a product or service, or the sum of the cost plus profit.

Variable Costs

Expenses that change in proportion to the production output or sales amount.

Target Costing

A pricing strategy in which the selling price of a product is set first, and then the target cost is determined by subtracting a desired profit margin from the selling price.

Return on Investment

A performance measure used to evaluate the efficiency or profitability of an investment, calculated as net income divided by the cost of the investment.