Which of the Following Are Benefits of Financial Models to Users

question 45

Multiple Choice

Which of the following are benefits of financial models to users?

• A)Users can use the model for business purposes without becoming overwhelmed by the related number crunching.
• B)Models allow an organization to study the impact of a possible business action by reviewing the potential results before taking action.
• C)Models help managers identify a bad project or decision ahead of time,before it negatively impacts the company involved.
• D)All of the answers are correct.

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Definitions:

Intrinsic Motivation

Is the motivation to do work because it is interesting, engaging, or possibly challenging rather than because someone is rewarding us to do the work.

Self-Determination

The process by which a person controls their own life.

Fear of Punishment

A deterrent emotion where individuals are apprehensive about the consequences of certain actions.

Expectancy Theory

A motivational theory that suggests an individual's behavior is determined by their expected outcomes or rewards.