Abby Is a College Student, Who Enjoys Taking Challenging Classes

question 145

Multiple Choice

Abby is a college student, who enjoys taking challenging classes so that she can learn skills that will be helpful to her in the future.Although she has high A's in all of her courses, she strives to do the best she can on every test and assignment because it is important to her to meet her own standards of excellence.Abby has a high need for

• A) achievement.
• B) power.
• C) extrinsic motivation.
• D) all of these.

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Definitions:

Book Value

The value of an asset as recorded on the balance sheet, calculated by subtracting any associated depreciation or amortization from its original cost.

Straight-line Method

A depreciation method that allocates an equal amount of the asset's cost to each year of its useful life.

Annual Rate

The rate of interest or growth a financial asset or liability would achieve over a period of one year.

Units-of-production

A depreciation method that allocates the cost of an asset over its useful life based on the number of units it produces, reflecting usage rather than the passage of time.