At Their Core,companies Are Production Systems That Combine Inputs,such as Labour,raw

question 81

True/False

At their core,companies are production systems that combine inputs,such as labour,raw materials,capital,and knowledge,to produce outputs,such as finished goods or services.

---

Definitions:

Existence

The state or fact of living, being, or having a presence.

Growth

An increase in some measured quantity, such as size, number, value, or strength.

Manifest Needs Theory

Developed by David McClelland to show that all people have needs that motivate them in life and on the job. These three needs include power needs, affiliation needs, and achievement needs.

Hierarchy of Needs

A motivational theory in psychology proposed by Abraham Maslow, which outlines a five-tier model of human needs, from basic physiological needs to self-actualization.