________ Needs Are Those We Learn in Response to Our

question 80

Multiple Choice

________ needs are those we learn in response to our culture and environment and may include needs for esteem,prestige,affection,power,and learning.

• A)Innate
• B)Primary
• C)Acquired
• D)Selective
• E)Higher-order

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Definitions:

Conversion Costs

The sum of labor and overhead costs that are necessary to convert raw materials into finished products.

Equivalent Units

Equivalent units is a concept in cost accounting used to allocate costs to partially completed goods, converting them into the amount of finished goods units.

Weighted-average

A calculation that takes into account the varying degrees of importance or quantities of different items in a data set, providing a figure that reflects their proportional contributions.

Materials

Substances or components used in the production or manufacturing of goods.