All of the Following Are Relevant to the Decision to Replace

question 18

Multiple Choice

All of the following are relevant to the decision to replace equipment EXCEPT the:

• A) cost of new equipment.
• B) selling price of old equipment.
• C) future maintenance costs of old equipment.
• D) original cost of old equipment.

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Definitions:

Self-Actualization

is the realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Safety Needs

The second level in Maslow's hierarchy of needs, encompassing the need for security, protection, and stability in one's physical and social environment.

Job Security

The probability that an individual will retain their job without the risk of becoming unemployed.

Frustration-Regression Principle

A concept suggesting that when a higher-level need is frustrated, individuals may regress to lower-level needs that are easier to satisfy.