External and Relatedness Are the First Two Groups of Needs

question 18

True/False

External and relatedness are the first two groups of needs in Alderfer's ERG theory.

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Definitions:

Present Values

The current value of a future amount of money or stream of cash flows given a specified rate of return.

Annuities

Financial products that provide a series of payments over time, often used for retirement savings or income generation.

Compute

To calculate or solve a problem, often using a computer.

Compounded Quarterly

Refers to the calculation of interest on the initial principal and also on the accumulated interest of previous periods of a deposit or loan, performed four times a year.