Narrative 14-2
for Problems in This Section, Use Table 14-1 $10 \frac { 3 } { 4 } \%$

question 65

Short Answer

Narrative 14-2
For problems in this section, use Table 14-1 from your text to find monthly mortgage payments.
-Refer to Narrative in your text 14-2. Elliott Properties purchased a 20-unit apartment building for $800,000. After a 20% down payment the balance was financed with a 15-year, $10 \frac { 3 } { 4 } \%$ fixed-rate mortgage. The property taxes are $22,430 per year and the hazard insurance premium is $8,629 per year. If each apartment rents for $775 per month, how much income will Elliott make per month after the PITI is paid on the building?

Recognize the factors affecting task accomplishment beyond effort, including employee ability and role clarity.

Compare and contrast different models of human needs and motivation (Maslow, Aldefer).

Define and elaborate on various motivation theories and their application in organizational behavior, including expectancy theory and the two-factor theory.

Explore the relationship between motivation, job satisfaction, and performance within organizations.

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Definitions:

Degrees of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution or to a system without violating any constraint.

Contingency Table

A tabular method to represent and analyze the relationship between two or more categorical variables, showing the distribution of one variable across levels of the other variable(s).

Chi-square Test of Independence

A statistical analysis aimed at identifying a meaningful relationship between two variables that can be categorized.

Quantitative Variables

Variables that represent measurable quantities and can take on numerical values.