The Conditions and Processes That Account for the Arousal, Direction

question 11

Multiple Choice

The conditions and processes that account for the arousal, direction and maintenance of effort in a person's job is referred to as __________

• A) need for achievement.
• B) instrumentality.
• C) work motivation.
• D) performance enhancement.

---

Definitions:

Perfectly Elastic

A situation in demand or supply where quantity changes infinitely in response to any change in price.

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs.

Accounting Profits

The total revenue of a business minus the explicit costs and depreciation expenses; it's a measure of a company's financial performance according to standard accounting principles.

Most Efficient Output

Refers to the highest amount of goods or services that can be produced with a given set of resources and technology without wasting any resources.