Johnny Has a High Need for Achievement

question 114

Multiple Choice

Johnny has a high need for achievement.McClelland's learned needs model of motivation suggests a good strategy for motivating him would be to:

• A) provide him with periodic feedback on his performance
• B) encourage many people to provide him with advice
• C) provide him with moderately difficult goals
• D) allow him to share responsibility for attaining his goals with others

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Definitions:

Front-end Load

A fee charged to investors when they purchase shares in a mutual fund, usually used to compensate brokers or sales agents.

Back-end Load

A fee charged to investors when they redeem shares from a mutual fund, typically used to compensate financial advisors.

Annual Fees

Regular charges imposed once a year for the use of a service or the participation in an investment or credit facility.

12b-1 Fee

A fee charged by mutual funds to cover distribution and marketing expenses, included in the fund's expense ratio and paid by its shareholders.