Maslow Was Mainly Concerned with Explaining How

question 119

Multiple Choice

Maslow was mainly concerned with explaining how:

• A)jobs could be broken down into very simple tasks that could be performed by unskilled workers.
• B)human motivation was related to a hierarchy of needs.
• C)managerial assumptions about workers affected their style of management.
• D)to achieve open two-way communication within an organization.

Distinguish between pure competition, monopoly, monopolistic competition, and oligopoly based on firm behaviors and market conditions.

Interpret the significance of entry barriers and their absence in pure competition.

Comprehend the relationship between demand curves, marginal revenue, and elasticity in purely competitive markets.

Understand the inability of influencing market price by individual firms in pure competition.

---

Definitions:

Present Value

The value today of a future sum of money or sequence of cash flows, when discounted by a certain rate of return.

Float

The total number of shares of a company that are available for trading by the public.