The Implications of the ERG Theory Is That We Need

question 15

Multiple Choice

The implications of the ERG theory is that we need to recognize which of the following?:

• A)The multiple needs that may be driving an individual at a given point
• B)Understand group behaviors
• C)Job design is critical to motivation
• D)How to reward employees better

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Definitions:

Inventory Costing Method

A system used to evaluate the value of inventory, including methods such as First-In, First-Out (FIFO), Last-In, First-Out (LIFO), and average cost.

Comparability

Ability to compare the accounting information of different companies because they use the same accounting principles.

Accuracy

The degree to which the result of a measurement, calculation, or specification conforms to the correct value or a standard.

FIFO Costing Assumption

An inventory valuation method that assumes the items purchased or produced first are sold first, thereby calculating the costs based on earliest prices.