Which Statement Is Correct

question 11

Multiple Choice

Which statement is correct?

• A)The "gross" method for recording cash discounts is conceptually better than the "net" method.
• B)The net method understates expenses.
• C)The gross method overstates revenue.
• D)Under the "gross" method, an entry is needed if the discount is taken.

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Definitions:

Alderfer's ERG Theory

A motivational theory proposed by Clayton Alderfer that categorizes human needs into three groups: Existence, Relatedness, and Growth.

McClelland's Acquired Needs Theory

A motivational theory that emphasizes the importance of three needs - achievement, affiliation, and power - in determining worker motivation.

Acquired Needs Theory

A psychological theory that suggests individuals are motivated by their desires for achievement, affiliation, and power, which they acquire over time based on their life experiences.

Need for Affiliation

A person's inherent desire to feel connected to others, seeking social bonds and meaningful relationships.