Stacey Was Invited to Become a Member of the Class

question 38

Multiple Choice

Stacey was invited to become a member of the class project team because the other members knew she had a high GPA and worked hard on all her individual assignments. Although the other members worked diligently to complete their parts, Stacey was not giving her best effort to this team. Which of the following is a possible explanation for Stacey's behavior?

• A) social loafing
• B) status incongruence
• C) role ambiguity
• D) group cohesiveness

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Definitions:

Compensation Expense

Compensation expense refers to the total cost that a company recognizes for paying employees, including wages, salaries, and bonuses.

Stock Appreciation Rights

A type of employee compensation linked to the performance of the company stock, allowing employees to benefit from the stock's price increase.

Year-End Adjusting Journal Entry

Journal entries made at the end of an accounting period to update the accounts for expenses and revenues not yet recorded, ensuring that the financial statements reflect the correct amounts.

Compensation Expense

An expense reported by businesses related to the cost of compensating employees, including wages, salaries, and bonuses.