When a Manager States, "Mary Is an Outstanding Employee Because

question 72

Multiple Choice

When a manager states, "Mary is an outstanding employee because she has a high need for achievement," which type of explanation for Mary's behavior does the manager use?

• A) Internal
• B) External
• C) Interactive
• D) Cultural

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses, including taxes and interest, from its total revenues.

Revenue Recognized

The point at which revenue is considered earned and can be recorded in the financial statements, according to specific criteria.

Expenses Incurred

The costs that have been consumed or used up in the operation of a business, contributing to the generation of revenue.

Adjusting Entries

The process of making entries in the ledger at the end of the accounting period to allocate profits and expenses to their actual period.