Why Are Individuals with a High NAch Not the Most

question 63

Multiple Choice

Why are individuals with a high nAch not the most successful managers?

• A)They are concerned more about effectiveness than efficiency.
• B)They are more focused on organizational goals than their own desires for promotion.
• C)They focus too much on their own goals than the goals of others.
• D)They can easily be distracted by trying to build a better mousetrap.

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Definitions:

Sales Growth

The increase in sales over a specific period, indicating the performance and scaling efforts of a business.

Present Value

The present worth of a future amount of money or series of cash flows, when calculated using a particular return rate.

Nominal Annual Rate

The interest rate stated on a loan or financial product, not adjusted for inflation or the compounding of interest within a year.

Effective Rate

The actual interest rate on a loan or financial product, taking into account the compounding of interest over time, contrasting with the nominal rate.