Which of the Following Is Characteristic of Individuals with a High

question 85

Multiple Choice

Which of the following is characteristic of individuals with a high nAch?

• A)They are less likely to complete difficult tasks.
• B)They more often choose occupations involving risk and responsibility.
• C)They tend to go through jobs rather quickly.
• D)They have a desire to meet an external standard of excellence.

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Definitions:

Barriers To Entry

Obstacles that prevent new competitors from easily entering an industry or area of business, such as high start-up costs or complex regulations.

Economic Profits

Profits exceeding the opportunity costs of the inputs used in the production process, an indicator of efficiency and effectiveness in resource utilization.

Mean Reversion

Suggests that performance eventually moves back toward the mean or average.

Demand And Supply Shocks

Unexpected events that cause sudden and significant changes in the demand or supply of goods and services in the economy.