Henry Robert's Phenomenal Contribution to the Project He Was Working

question 93

Multiple Choice

Henry Robert's phenomenal contribution to the project he was working on was recognized by his boss. Appreciating Robert's achievements, his boss promoted him to the position of a team leader for their upcoming project and vested upon him the responsibility of heading a team of 15 members. In accordance with Maslow's hierarchy of needs, which of the following needs of Robert's has been satisfied under the given circumstance?

• A) social need
• B) physiological need
• C) esteem need
• D) psychological need
• E) security need

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Definitions:

Matrix Structure

A management approach that organizes employees by both function and product, allowing for more efficient communication across departments.

Binding Minimum Wage

A fixed minimum salary that employers are legally obligated to pay their employees, typically set above the equilibrium wage, leading to potential surpluses in labor.

Labor Market

The marketplace where employers find workers and workers find jobs, characterized by the supply and demand for labor.

Price Elastic

Describing a situation where the demand for a product is sensitive to price changes, meaning a relatively small change in price leads to a large change in the quantity demanded.