According to McClelland's Theory, Jake Has a Need for ____

question 55

Multiple Choice

According to McClelland's theory, Jake has a need for ____.

• A)socialized power
• B)achievement
• C)self-actualization
• D)personalized power
• E)affiliation

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Definitions:

Product Price

The financial outlay necessary to acquire a certain item or service.

Competitive Firm

A business that operates in a market where it has multiple competitors, and no single firm can influence the market price of goods or services.

Short Run

A time period in economics where at least one input is fixed, restricting the ability to adjust production levels fully.

Long Run

A timeframe during which all production factors and expenses can change, permitting adjustments to all inputs.