You Graduated from University Two Years Ago and Began Working

question 178

Multiple Choice

You graduated from University two years ago and began working at Dingo Electronics.You have received good performance evaluations and a raise.You just found out that a recent college graduate with no experience has been hired for a similar position in another company at a higher salary than you are now making. You will likely use the ________ theory in evaluating how you regard this situation.

• A)goal setting
• B)expectancy
• C)reinforcement
• D)equity

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Definitions:

Work in Process Inventory

Inventory that includes all the materials, labor, and overhead costs for products that are in the process of being manufactured but are not yet complete.

Direct Materials

Raw materials that directly become a part of a finished product and can be easily traced to the product.

Manufacturing Overhead

All indirect costs associated with the production process, including utilities, rent, and salaries of support staff.

Period Costs

Period costs are expenses that are not directly tied to production activities and are expensed in the period they are incurred; examples include administrative salaries and marketing costs.