"If You Hadn't Gone to Dinner with Your Friends,you Would

question 169

Multiple Choice

"If you hadn't gone to dinner with your friends,you would have stayed home and watched television." It follows that

• A) watching television is the opportunity cost of having dinner with your friends.
• B) the price of having dinner with your friends is more than the price you would have had to pay to watch television.
• C) the opportunity cost of having dinner with your friends is lower than the opportunity cost of watching television.
• D) it is less costly to watch television than to have dinner with your friends.

Understand Herzberg's two-factor theory of motivation, including the sources of job satisfaction and dissatisfaction.

Grasp the principles of Maslow's hierarchy concerning the satisfaction of needs.

Describe the factors that can motivate individuals at different levels of Maslow's hierarchy.

Understand the importance of linking rewards to performance from a motivational perspective.

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Definitions:

Specialization

Focusing on a narrow area of expertise or production, often leading to increased efficiency and productivity in that area.

Current Assets

Assets on a company's balance sheet that are expected to be converted into cash, sold, or consumed within a year or the business's operating cycle, whichever is longer.

Current Liabilities

Short-term financial obligations that are due within one year, indicating the amount a company owes its creditors and others.

Acid Test

A rigorous and conclusive test to prove the effectiveness or value of something, often related to financial solvency.