According to McClelland, the Need for _____ Is the Extent

question 39

Multiple Choice

According to McClelland, the need for _____ is the extent to which an individual desires to control or influence others.

• A)power
• B)affiliation
• C)belongingness
• D)self-awareness
• E)equity

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Definitions:

Internal Control Standards

The policies and procedures implemented by a company to ensure the integrity of financial and operational information, promote accountability, and prevent fraud.

Sarbanes-Oxley

The Sarbanes-Oxley Act is a U.S. federal law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures made pursuant to securities laws, and to prevent corporate and accounting fraud.

U.S. Exchanges

Marketplaces in the United States where securities, options, and futures are traded.

Conceptual Framework

An organized system of objectives and fundamentals that can lead to consistent standards in accounting and guides the selection of transactions to be accounted for.