Within the Context of Maslow's Hierarchy, People Who Visit Friends

question 7

Multiple Choice

Within the context of Maslow's hierarchy, people who visit friends on the weekend are focused on a(n) _____.

• A) physiological need
• B) safety need
• C) love and belonging need
• D) esteem need

Differentiate between production-centered and people-centered management approaches and their effectiveness.

Identify the role and effect of legislation on management practices and workplace organization.

Understand the origins and characteristics of legalistic management.

Appreciate the persistence and impact of authoritarian management in modern organizations.

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Definitions:

Flexible Budget

A budget that adjusts or varies with changes in the volume of activity, often used to provide more realistic performance comparisons.

Variable Costs

Variable Costs are expenses that vary in direct proportion to changes in the levels of an activity or production volume, such as materials and labor costs.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent and salaries.

Direct Materials Price Variance

The difference between the actual cost and standard cost of direct materials used in production, indicating how effectively a company is purchasing its raw materials.