Joe and Tess McGreen Are Purchasing Their First Home in Durham,North

question 31

True/False

Joe and Tess McGreen are purchasing their first home in Durham,North Carolin
A.They are seeking pre-qualification on a home loan.The unemployment rate for North Carolina is 10.2% and GDP is declining.Chances are pretty good that the Fed will raise interest rates in order to loosen the supply of money,resulting in a more expensive loan for Joe and Tess.

---

Definitions:

ERG Theory

A motivational theory developed by Clayton Alderfer that categorizes human needs into three groups: Existence, Relatedness, and Growth.

Activated Needs

Activated needs are desires or requirements that have been triggered by internal or external stimuli, prompting individuals to take action.

Acquired Needs Theory

A psychological theory suggesting that individuals acquire certain needs through their life experiences, such as the needs for achievement, affiliation, and power, which influence their motivation and behavior.

Need For Achievement

A motivational drive that pushes individuals to reach success, excel in their endeavors, and overcome challenges through personal effort.