By Granting Promotions and Recognizing Accomplishments of an Employee, a Manager

question 75

Multiple Choice

By granting promotions and recognizing accomplishments of an employee, a manager can satisfy the ________ need of the employee at work.

• A) self-actualization
• B) belongingness
• C) safety
• D) esteem

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Definitions:

Long-Run Equilibrium

A state in which all firms in a market or industry are making normal profits, with no incentives for entry or exit, and all factors of production are perfectly mobile.

Economic Profits

The difference between the total revenue generated by a business and the total costs, including both explicit and implicit costs.

Industry Exit

The process by which firms leave a market or sector, often due to economic pressures or declining profitability.

Economic Profit

calculated as the difference between a firm's total revenue and its total costs, recognizing both explicit and implicit costs, emphasizes a firm's real financial health.