Modern Management Practices Such as Employee Management Recognition Programs, Flexible

question 72

Multiple Choice

Modern management practices such as employee management recognition programs, flexible benefit packages, and stock ownership plans emphasize:

• A) internal needs.
• B) intrinsic motivation.
• C) external incentives.
• D) the principle of the psychodynamic theory.

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Definitions:

Historical Costs

The original monetary value at which an asset was bought or a liability was incurred.

Liquidation

The process of closing a business, selling its assets, and using the proceeds to pay creditors, with any leftovers distributed to shareholders.

Measurement Base

The method or approach used in determining the value of assets and liabilities for accounting and reporting purposes.

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return. Present value considers the time value of money.