____ Proposed That an Individual's Specific Needs Are Acquired or Learned

question 54

Multiple Choice

____ proposed that an individual's specific needs are acquired or learned over time and shaped by life experiences.

• A)Frederick Herzberg
• B)David McClelland
• C)Abraham Maslow
• D)Douglas McGregor

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Definitions:

Productive Efficiency

A situation in which a firm or economy produces goods at the lowest possible cost, utilizing all available resources efficiently.

Allocative Efficiency

A state of the market where resources are allocated in a way that maximizes total consumer and producer surplus.

Oligopolistic Industry

A market structure characterized by a small number of firms dominating the industry, leading to limited competition.

Collude

To cooperate or conspire, especially in a secretive way, with others to deceive or cheat.