Martha Is Given a New Cabin and a New Job

question 39

Multiple Choice

Martha is given a new cabin and a new job title as recognition for her accomplishment over her years of service to the organization. She is satisfied with the recognition and respect from her colleagues. This portrays that the organization is addressing her _____ needs.

• A) esteem
• B) psychological
• C) security
• D) physiology
• E) self-actualization

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Definitions:

Price Elastic

A measure of how much the quantity demanded of a good or service changes in response to a change in its price.

Income Inelastic

A situation where the demand for a good does not significantly change with a change in consumer's income.

Real Prices

Prices that have been adjusted for inflation, reflecting the true purchasing power of money over time.

Inflation-Adjusted

Describes values that have been modified to account for changes in the purchasing power of money due to inflation, allowing for comparison over different time periods.