The Theory Which Maintains That People Act in Ways to Obtain

question 106

Multiple Choice

The theory which maintains that people act in ways to obtain the rewards that they desire and prevent the penalties that they wish to avoid is called the

• A)agency theory.
• B)expectancy theory.
• C)reward-penalty theory.
• D)mini-max theory.

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Definitions:

Cash Receipt

Documentation or evidence of receiving money in the form of cash, indicating the transaction date, amount, and other relevant details.

Interim Quarterly Income Statements

Financial statements reporting a company's revenue, expenses, and net income on a quarterly basis, providing updates between annual reports.

Major Repairs

Expenditures that substantially extend the useful life of an asset or improve its functionality, as opposed to regular maintenance.

Insurance

Insurance is a financial product that provides protection against potential future losses or damages, in exchange for premium payments.