According to the Needs Hierarchy Model,who Would Be Most Likely

question 28

Multiple Choice

According to the needs hierarchy model,who would be most likely motivated to accept a promotion to the position of foreperson?

• A) Bob,who has not yet satisfied his security needs
• B) Jeff,who has satisfied his esteem needs
• C) Destiny,who has not yet satisfied her affiliation needs
• D) Pablo,who has satisfied his physiological needs

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Definitions:

Monopolist

An individual or firm that is the sole provider of a good or service, possessing significant market power over prices and output.

AC

Average Cost, also referred to as the cost per unit of output, often used interchangeably with Average Total Cost.

Deadweight Loss

The reduction in economic performance that is seen when a good or service fails to achieve the equilibrium in a free market.

Perfectly Competitive Industry

An industry structure characterized by many small firms, homogeneous products, and free entry and exit, leading to price-taking behavior.