Solved

Application of Maslow's Hierarchy of Needs

question 148

Multiple Choice

Application of Maslow's Hierarchy of Needs
Jericho has several employees with a wide range of behaviors. He has been having a difficult time understanding where some of his employees are as far as motivation is concerned. He has just returned from a conference where Maslow's hierarchy of needs was discussed, and some of his employees seem to fall in those categories. First, there is Julie. She was just hired last week, and her preoccupation at the moment seems to be finding a place to live, grocery stores, and to locate things such as the fire and police departments. Jericho wonders if she will ever start thinking about work. Then, there is Jamie.
When Jericho asked her to work late next month, she said it was no problem as long as there was a security person to walk her across the company campus to the underground parking lot. Jericho easily arranged for the security guard. Then, there is Jason who just yesterday complained that his work was not challenging enough. He said he was not growing or using his full potential at what he was doing. Jessica also came to mind. What would he do with Jessica? She was their social butterfly, constantly flitting from one workstation to another, chatting with the employees. Not only was she not getting her work done, but also she was interrupting everyone else's work. And, finally, there was Lane who constantly needed attention and public recognition. If Lane accomplished a goal, he wanted everyone in the work area to realize he had met his goal. What a group of employees, thought Jericho.
-Jessica is at which needs level?

Analyze the role of marginal revenue and its relation to price in a purely competitive firm.

Distinguish between pure competition, monopoly, monopolistic competition, and oligopoly based on firm behaviors and market conditions.

Interpret the significance of entry barriers and their absence in pure competition.

Comprehend the relationship between demand curves, marginal revenue, and elasticity in purely competitive markets.

Definitions:

Virtual Teams

Groups of people who work together from different geographical locations, connected by technology such as the internet.

Cost Performance

Evaluation of how well a project or investment manages its budget and resources compared to its planned or expected outcomes.

Implementing Teams

The process of bringing together a group of individuals to work collaboratively towards achieving specific objectives or projects.

Team Concept

The idea that a group of people working together can achieve better outcomes than individuals working in isolation.