A Practical Approach Which Is Frequently Used by Managers When

question 137

True/False

A practical approach which is frequently used by managers when setting normal long-run prices is the cost-plus approach.

Understand and differentiate between the various theories of motivation (Maslow's hierarchy of needs, ERG theory, Two-Factor theory, etc.).

Identify the factors that influence job satisfaction and motivation according to Herzberg’s two-factor theory.

Understand the concept of acquired needs theory and how it suggests that achievement, power, and affiliation needs are influenced by life experiences.

Comprehend the two-factor theory of Herzberg and its distinction between hygiene and satisfier factors in relation to job satisfaction and motivation.

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Definitions:

Financing Activities

Transactions that result in changes in the size and composition of the equity capital or borrowings of the company.

Dividends

A distribution of a portion of a company's earnings to its shareholders, usually determined by the board of directors.

Operating Activities

Cash flows directly related to the production and delivery of a company's goods and services.

Direct Method

A method of reporting the cash flows from operating activities as the difference between the operating cash receipts and the operating cash payments.