According to the Three-Needs Theory, the Need for ________ Is

question 74

Multiple Choice

According to the three-needs theory, the need for ________ is the need to make others behave in a way that they would not have behaved otherwise.

• A) control
• B) leadership
• C) power
• D) achievement

Apply concepts of break-even and profitability analysis to decision-making, including special orders.

Understand the impact of variable and fixed costs on company profits and break-even point.

Learn to analyze the effects of cost structure on business risk and income variability.

Understand the relationship between fixed expenses, margin of safety, and profit.

---

Definitions:

Direct Materials Quantity Variance

A measure used to evaluate the efficiency of the quantity of materials used in production, calculated as the difference between the standard cost of direct materials and the actual cost of direct materials used.

Actual Costs

The real expenditure incurred in the manufacturing or production of goods and services, as opposed to estimated costs.

Standard Costs

Predetermined or estimated costs of manufacturing, selling, or performing a service, used as benchmarks against actual costs for budgetary control and performance measurement.

Price Variances

Differences between the actual prices paid for goods or services and the expected or standard prices.