A High Need for __________ Often Is Associated with Successful

question 32

Multiple Choice

A high need for __________ often is associated with successful attainment of top levels in the organizational hierarchy, according to McClelland.

• A) power
• B) achievement
• C) affiliation
• D) success
• E) expertise

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Definitions:

Tax

A required financial fee or another kind of duty enforced on a taxpayer by government authorities, designed to raise funds for government outlays and a range of public expenses.

Price-Elastic Supply

A situation where the quantity supplied of a good changes significantly as a result of changes in its price.

Excise Tax

A tax imposed on specific goods, services, or transactions, often included in the price of products like tobacco, alcohol, and fuel, to generate revenue or discourage consumption.

Price Elasticity

A measure of the responsiveness of the quantity demanded or supplied of a good or service to a change in its price.