Which of the Following Is an Example of an Extrinsic

question 171

Multiple Choice

Which of the following is an example of an extrinsic reward?

• A)thank you letter from someone outside the company
• B)the feeling of satisfaction from a job well done
• C)receiving employee of the month honours
• D)stock option plan
• E)an employee being thanked publicly by the company's president

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Definitions:

Voidable Contract

A legal agreement that may be invalidated or annulled by one or more of the parties involved due to certain conditions.

Privity of Contract

The principle that a contract is a private agreement between the parties who have entered into it, and no one else can claim benefits or be subjected to its obligations.

Voidable Contract

A legal agreement that may be declared invalid by one party due to certain conditions such as misrepresentation or lack of consent.

Executory

Pertaining to a contract, a term describing obligations that have not yet been performed by one or more parties.