Motivation Based on the Rewards and Punishments That an Act

question 14

Multiple Choice

Motivation based on the rewards and punishments that an act may bring is called?

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

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Definitions:

Dutch Auction

A type of auction where the auctioneer starts with a high asking price which is lowered until some participant is willing to accept the auctioneer’s price, or a predetermined minimum price is reached.

Sealed-Bid Auction

A type of auction where all bidders simultaneously submit sealed bids without knowing the bids of other participants.

Reserve Price

The minimum price a seller is willing to accept for an item being sold at auction.

English Auction

A type of auction in which the price ascends as participants sequentially bid higher prices until only one bidder remains, who wins the item.