The Desire to Seek Approval from Others, Conform to Their

question 67

Multiple Choice

The desire to seek approval from others, conform to their wishes and expectations, and avoid conflict and confrontations is referred to as the need for:

• A)affiliation
• B)power
• C)achievement
• D)safety
• E)existence

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Definitions:

Cost Of Goods Sold

Cost of goods sold (COGS) is the direct cost attributable to the production of the goods sold by a company, including the cost of materials and labor.

Gross Profit

The financial gain a company achieves after subtracting the cost of goods sold from its total revenue.

Operating Expenses

Expenses incurred in the normal operation of a business, excluding the cost of goods sold.

Net Sales

This is the amount of sales generated by a company after deducting returns, allowances for damaged or missing goods, and any discounts allowed.