Blair, the owner of Nice Necessities, noticed that her employees would come to work early, leave late, and generally had a high level of commitment the first year of business. The second year, her employees were late more often than not and did not feel very committed to the store. Blair noticed that the demands of family life pulled her away from Nice Necessities in the second year. Blair realized that she had set the example for her employees and they were merely modeling her behavior. This exemplifies which theory?
A. instrument theory
B. social cognitive theory
C. reinforcement theory
D. theory of attributions
B. social cognitive theory
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Tests designed to detect credit sales made after the end of the year that have been recorded in the current year provide assurance about management's assertion of:
A. cutoff. B. occurrence. C. authorization and accuracy. D. classification.
Which situation indicates an internal control risk in the General Ledger/Financial Reporting Systems (GL/FRS)?
a. the employee who maintains the cash journal computes depreciation expense b. the cash receipts journal voucher is approved by the Treasurer c. the cash receipts journal vouchers are prenumbered and stored in a locked safe d. the employee who maintains the cash receipts journal records transactions in the accounts receivable subsidiary ledger
Land is an example of a plant asset
Indicate whether the statement is true or false
A corporation must obtain shareholder approval before the company
a. sells off a major portion of its business to another company. b. opens additional offices. c. hires or fires a significant number of employees. d. expands into foreign markets.