Why Did Franklin D. Roosevelt Declare a Bank Holiday in March 1933

question 45

Essay

Why did Franklin
D. Roosevelt declare a bank holiday in March 1933?

Understand and differentiate between the various theories of motivation (Maslow's hierarchy of needs, ERG theory, Two-Factor theory, etc.).

Identify the factors that influence job satisfaction and motivation according to Herzberg’s two-factor theory.

Understand the concept of acquired needs theory and how it suggests that achievement, power, and affiliation needs are influenced by life experiences.

Comprehend the two-factor theory of Herzberg and its distinction between hygiene and satisfier factors in relation to job satisfaction and motivation.

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Definitions:

Absorption Costing

By adopting this accounting model, all manufacturing costs including direct materials, direct labor, and both variable and fixed overheads, are rolled into the product’s cost.

Required Return

The minimum profit or yield that investors expect to earn on an investment.

Unit Product Cost

The cost to produce a single unit of product, accounting for direct materials, direct labor, and overhead on a per-unit basis.

Absorption Costing

An accounting method that includes all direct costs and fixed and variable overhead costs in the cost of a product.