The Theory That Distinguishes Between Needs Related to the Work

question 15

Multiple Choice

The theory that distinguishes between needs related to the work itself from those related to the context of the work is:

• A) Maslow's hierarchy theory.
• B) inequity theory.
• C) Herzberg's motivator-hygiene theory.
• D) McClelland's needs theory.
• E) equity theory.

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Definitions:

Consignee's Inventory

Goods that are held by a consignee but still legally belong to the consignor until sold, after which sales revenue is shared as per agreement.

Decreasing Costs

A situation where the total cost of production goes down as the volume of production increases.

LIFO Method

The LIFO (Last In, First Out) method is an inventory valuation technique where the latest items added to inventory are the first to be sold or used.

Net Income

The remaining earnings of a business after deducting all costs and taxes from its total income.