McClelland's Theory of Needs Proposes That the Factors That Lead

question 90

True/False

McClelland's theory of needs proposes that the factors that lead to job satisfaction are separate and distinct from those that lead to job dissatisfaction.

Understand the basic concepts of goal-setting theory and its characteristics.

Comprehend expectancy theory and its components.

Recognize how motivation theories apply to workplace scenarios.

Identify the measurement scales for elements within expectancy theory.

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Definitions:

Firm

An organization that produces goods or services in order to generate profit, typically within an economic system.

Third-Degree Price Discrimination

A pricing strategy where different groups of consumers are charged different prices based on attributes like age, location, or income, aiming to maximize profits by exploiting varying demand elasticities.

Inelastic Demand Functions

Demand functions that represent situations where the quantity demanded of a good or service changes very little in response to changes in its price.

Monopolist

An individual or entity that is the sole provider of a particular product or service in a market, enabling control over prices.