Brett and Erin Are Accountants Working for XMP Corporation; Brett

question 73

Multiple Choice

Brett and Erin are accountants working for XMP Corporation; Brett is very interested in working his way up to being XMP's chief financial officer.He believes if he completes all his assigned tasks well before their established deadlines and controls costs in his area, he will be promoted.Which elements of expectancy theory are illustrated in that example?

• A)Expectancy and instrumentality
• B)Instrumentality and valence
• C)Expectancy and valence
• D)Expectancy, instrumentality and valence

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Definitions:

Decrease in Cash

A reduction in the amount of cash held by a company, often reflected in its cash flow statement.

P/E Ratio

A valuation metric for a stock, calculated as the current market price per share divided by its earnings per share.

Fixed-Asset Turnover Ratio

A financial ratio that measures how efficiently a company uses its fixed assets to generate sales, calculated by dividing sales by net fixed assets.

Income Statement

A financial statement that shows a company's revenues, expenses, and profits over a period of time.