A/An ________ Would Be an Example of an Owner-Specific Advantage

question 38

Multiple Choice

A/An ________ would be an example of an owner-specific advantage for an MNE.

• A) patent
• B) economy of scale
• C) economy of scope
• D) all of the above

Understand Maslow's hierarchy of needs and its application to human behavior and motivation.

Identify and describe the roles and definitions of a supervisor as per various acts and management theories.

Distinguish between different types of skills required at various levels of management, including technical, human relations, and conceptual skills.

Recognize the contributions of key figures in the management field, such as Frederick W. Taylor, Henri Fayol, and Abraham Maslow.

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Definitions:

Interdepartmental Integration

The coordination and collaboration between different departments within an organization to achieve common goals.

Maslow's Theory

A psychological theory proposing a hierarchy of human needs, from basic physiological needs to safety, love and belonging, esteem, and finally self-actualization, influencing human behavior.

Herzberg's Theory

A motivation theory which suggests that there are certain factors that cause job satisfaction while a separate set of factors cause dissatisfaction, famously divided into 'hygiene' and 'motivator' factors.

Higher-Order Needs

These are advanced human needs as outlined in Maslow's hierarchy, including esteem and self-actualization needs, which are fulfilled after basic physical and security needs.