A Major Problem with Regulatory Agencies Is That They

question 217

Multiple Choice

A major problem with regulatory agencies is that they

• A) have no real legal power over the industries they are supposed to regulate.
• B) tend to be too tough on the firms they are regulating, forcing them into a loss position.
• C) often underestimate the firm's cost of production and consequently force regulated firms into a loss position.
• D) often come to represent the interests of established firms in the industry and use their power to limit competition.

Understand the basic concept of Maslow's hierarchy of needs and its relevance to motivation.

Recognize the difference between higher-order and lower-order needs as proposed by Maslow.

Explain the progression principle and its implications for need satisfaction and motivation.

Identify and discuss the intrinsic and extrinsic factors that satisfy self-actualization needs.

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Definitions:

Withdrawal

Symptoms that occur after cessation or reduction in intake of a substance that the body has become dependent upon, like drugs or alcohol.

Cognitive Processes

Mental activities involved in acquiring, processing, storing, and applying information, such as perception, memory, and reasoning.

Secondary Reinforcers

Stimuli that have no inherent value but become reinforcing through their association with primary reinforcers.

Operant Conditioning

An educational method where the intensity of a behavior is altered through reward or penalty.