According to McClelland's Theory of Needs, When Jobs Have a High

question 38

True/False

According to McClelland's theory of needs, when jobs have a high degree of personal responsibility and feedback and an intermediate degree of risk, high achievers are strongly motivated.

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, thus resetting the temporary accounts for the next period.

Retained Earnings

The accumulated net income of a company that is retained and reinvested in the business rather than paid out as dividends.

Service Revenue

Income earned by a company for providing services rather than selling physical goods.

Equipment

Equipment consists of the fixed assets a company uses in its operational activities to produce goods or provide services, not intended for sale.