Identify the Truthfulness of the Following Statements

question 12

Multiple Choice

Identify the truthfulness of the following statements.
I. Economies of Experience imply that Economies of Scale must exist.
II. Economies of Scale imply that Economies of Experience must exist.

• A) Both I and II are true.
• B) Both I and II are false.
• C) I is true; II is false.
• D) I is false; II is true.

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Definitions:

Need Theories

Theories in psychology that suggest human actions are motivated by the desire to fulfill basic needs such as safety, belonging, and self-esteem.

Expectancy Theories

Psychological theories that explain motivation in terms of individuals' expectations about their ability to perform tasks and receive desired rewards.

Goal-Setting Theories

Theories that describe how setting goals directs, motivates, and sustains human behavior to achieve those goals.

Equity Theories

Psychological theories focused on understanding how individuals perceive fairness in distribution of resources and rewards in relation to the contributions they have made.