A Need for Power, a Need for Accomplishment, and a Need

question 55

True/False

A need for power, a need for accomplishment, and a need for superior power were proposed by David McClelland's acquired needs theory.

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Definitions:

Balance Sheet

Also known as a “statement of financial position”; reveals a company’s assets, liabilities and owner’s equity (net worth).

Financial Position

Refers to the status of an entity's assets, liabilities, and equity at a specific point in time, providing insight into its economic situation.

Petty Cash Fund

A small amount of cash on hand used for covering minor expenses, managed through a specific accounting methodology.

Cash

A medium of exchange in the form of coins and banknotes; used to purchase goods or services.