Kelly,who Had Recently Joined GoCo,Inc

question 41

Multiple Choice

Kelly,who had recently joined GoCo,Inc.,participates in all corporate events as she wants to be accepted as a friend by her co-workers.According to David McClelland's three-needs theory,this desire is known as ________.

• A) need for power
• B) need for achievement
• C) need for self-esteem
• D) need for affiliation
• E) need for security

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Definitions:

Setup Cost

Represents the expenses involved in preparing a machine, process, or system for a manufacturing run or production activity, which can include equipment adjustments and labor.

EOQ Model

Economic Order Quantity model is used in inventory management to determine the optimal order size that minimizes the total cost of inventory, including holding costs and ordering costs.

Total Annual Inventory Costs

The comprehensive sum of all expenses associated with holding and managing inventory over a year, including storage, insurance, and obsolescence costs.

Unit Price

The cost per unit of a product or service, which allows for the comparison of costs across different units and quantities.