Motivation Is a Hypothetical Construct That Is Used to Help

question 64

True/False

Motivation is a hypothetical construct that is used to help explain behavior; it should not be equated with behavior.

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Definitions:

Theory of Constraints

A management paradigm that focuses on identifying and addressing the most significant limiting factor (constraint) that hinders achieving a goal, and systematically improving that constraint until it is no longer the limiting factor.

Contribution Margin

Contribution margin is the amount by which a product's sales price exceeds its total variable costs, indicating how much contributes to covering fixed costs and generating profit.

Bottleneck Process

A bottleneck process is a stage in production that reduces the efficiency of the operation due to limited capacity, slowing down the overall process flow and impacting productivity.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to related products and services.