You Are Analyzing a Trade-Off When You Compare the _____

question 43

Multiple Choice

You are analyzing a trade-off when you compare the _____ and _____ of doing something.

• A)direct costs;opportunity costs
• B)marginal benefits;total benefits
• C)costs;benefits
• D)direct costs;total costs

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Definitions:

Safety Needs

Basic human needs for security and protection from harm, as identified in Maslow's hierarchy of needs, following physiological needs.

Recognition Needs

Human needs pertaining to the desire for appreciation, acknowledgement, and validation of one’s skills, accomplishments, and contributions.

Self-Fulfillment Needs

The highest level in Maslow's hierarchy of needs, focusing on personal growth, achieving one's potential, and self-actualization.

Financial Incentives

Monetary rewards offered to influence behavior or outcomes, often used to motivate employees or align their efforts with organizational goals.