Which of the Following Is Not a Proper Match-Up

question 120

Multiple Choice

Which of the following is not a proper match-up?

• A) Long range planning ↔ Strategies
• B) Budgeting ↔ Short-term goals
• C) Long-range planning ↔ 5 years
• D) Budgeting ↔ Long-term goals

Calculate average propensity to consume (APC) and average propensity to save (APS) given disposable income and consumption data.

Interpret the relationship between disposable income, consumption, and saving.

Identify autonomous and induced consumption and their roles in the economy.

Evaluate the impact of changes in disposable income on consumption and saving behaviors.

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Definitions:

McClelland's Motivation Theory

A psychological theory that identifies three primary drivers of motivation: need for achievement, need for affiliation, and need for power.

Need for Achievement

The motivation to excel, to achieve in relation to a set of standards, or to compete successfully against challenging criteria.

Control

The power to influence or direct people's behavior or the course of events, often to achieve a desired outcome.

Herzberg's Two-factor Theory

A theory of motivation proposed by Frederick Herzberg that suggests job satisfaction and dissatisfaction arise from two different sets of factors - hygiene factors and motivators.