Managerial Processes and Decisions Are Concerned with the Allocation and Utilization

question 44

True/False

Managerial processes and decisions are concerned with the allocation and utilization of resources.

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Definitions:

ERG Theory

is a motivational theory proposed by Clayton Alderfer that categorizes human needs into three groups: Existence, Relatedness, and Growth, suggesting that more than one need can be motivational at the same time.

Need for Power

A personal drive and motivation to influence, control, or have authority over others.

Personal Power

The influence or authority an individual has over others stemming from personal traits, skills, or relationships, rather than from formal positions of authority.

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives to achieve a desired goal.