As Proposed by Maslow,which of the Following Statements Is True

question 65

Multiple Choice

As proposed by Maslow,which of the following statements is true of the esteem needs?

• A) It is satisfied only in the form of recognition and social success.
• B) Satisfaction of the need for self-esteem allows people to feel confident of their strength.
• C) Satisfaction of the need for self-esteem is necessary for actual survival.
• D) It involves the maximum realization and fulfillment of our potentials,talents,and abilities.

Discuss the role of consumer preferences and product differentiation in monopolistic competition.

Compare and contrast monopolistic competition with other market structures.

Understand the differences between monopolistic competition and perfect competition in terms of economic profits and points of production on the ATC curve.

Identify the reasons why monopolistic competitors and monopolists charge a price greater than the marginal cost of production.

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Definitions:

Subsidiary Accounts

Detailed records that support and summarize information in a controlling account, often used for individual items or customers.

Cash Refund

An amount paid by the seller to the buyer for merchandise that is defective, is damaged during shipment, or does not meet the buyer’s expectations.

Cash Payments Journal

The special journal in which all cash payments are recorded.

Account Receivable

Money owed to a company by its debtors for goods or services that have been delivered or sold but not yet paid for.