McClellend's Learned Needs Theory Identifies Three Needs

question 20

Multiple Choice

McClellend's Learned Needs Theory identifies three needs. They are the needs for____________ .

• A) achievement, relatedness, and growth
• B) existence, relatedness, and growth
• C) affiliation, growth, and power
• D) power, self-actualization, and growth
• E) power, achievement, and affiliation

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Definitions:

Cost of Goods Sold

Cost of Goods Sold (COGS) represents the direct costs attributable to the production of goods sold by a company, including material and labor costs.

Stockholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities, representing ownership equity.

Net Income

The amount of money a firm earns after deducting all its expenses, taxes, and costs from its total revenue, indicating its profitability during a specific period.

Inventory On Credit

This refers to inventory purchased by a company for which payment is deferred to a later date, typically impacting the accounts payable.