A Factor Contributing Today to the Relevance of the Need

question 28

Multiple Choice

A factor contributing today to the relevance of the need hierarchy is that

• A) job security has reached new heights in recent years.
• B) money is no longer a significant motivator.
• C) so many workers have to worry about satisfying basic needs.
• D) many companies sponsor programs of self-actualization.

Understand different types of uncertainties in organizational contexts and their impacts.

Identify and describe various organizational responses to uncertain environments.

Comprehend the purpose and elements of effective planning in organizations.

Recognize the importance and components of a mission statement.

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Definitions:

Account

A record that keeps track of financial transactions, investments, or the financial state of an individual, institution, or company.

Utility Function

A mathematical representation used in economics to model satisfaction or preference that a consumer derives from the consumption of goods and services.

Risk Averse

A behavioral tendency to prefer avoiding losses over acquiring equivalent gains.

Present Value

The worth at present of an anticipated future cash amount or stream of payments, considering a particular rate of return.