Choose the One Alternative That Best Completes the Statement or Answers

question 92

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-Suppose that a merchant buys a patio set from the wholesaler for $260. At what price should the merchant mark the patio set so that it may be offered at a discount of 25% but still give the merchant
A 20% profit on his $260 investment?

• A) $325
• B) $416
• C) $377
• D) $312

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Definitions:

ERG Theory

A theory proposed by Clayton Alderfer that categorizes human needs into three groups: Existence, Relatedness, and Growth, modifying Maslow's hierarchy of needs.

Maslow's Needs

A theory of psychological development outlined by Abraham Maslow that proposes a hierarchy of human needs, from basic physiological needs to self-actualization.

Human Motivation

The internal drive that propels individuals to take action, achieve goals, and satisfy needs and desires.

Need for Achievement

A psychological trait that drives individuals to pursue and attain challenging objectives.