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Application of McClelland's Three Needs Theory
It seems Bill will never determine what motivates his group of ten employees. He realizes everyone is different but that certainly complicates motivational issues. It seems like the only thing that motivates Jerri is the desire to have an impact and to be influential. She loves to be in charge. If she is not "in charge," she contributes very little to the project, whereas if she is in charge, she will work beyond the level of anyone else. Nancy always wants to succeed. She seems to have a desire to excel at all she does. Then, there is Tim. Bill gave Tim an assignment last month where he had to work by himself for the majority of the project with very little interaction from anyone else. The project also took him away from the workplace for the majority of the month. Tim's productivity level fell dramatically, and Bill wondered why.
-Which need is highest for Nancy, according to McClelland?
Power Costs
The expenses associated with the consumption of electricity or other forms of energy used in the production process.
Spending Variance
The difference between the actual amount spent and the budgeted amount for a period, which can be either favorable or unfavorable.
Budgeting
The process of creating a plan to spend your money, outlining how much money will be earned and how it will be spent.
Static Planning Budget
A budget based on a fixed level of activity, not adjusted for actual activity levels.
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