A Business Organization and Its Actions Cannot Be Based on Trust

question 24

True/False

A business organization and its actions cannot be based on trust.

Recognize the relationship between Maslow's hierarchy of needs and Herzberg's motivational factors.

Understand the concept of intrinsic and extrinsic motivations and their impact on employee performance.

Apply the concept of goal-setting theory to enhance motivation and performance.

Explain the principles of expectancy theory and how it relates to employee motivation.

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Definitions:

Fixed Cost

Expenses that do not change with the level of production or sales activities within a certain range.

Variable Cost

Costs that vary in accordance with a company's operational volume.

Fixed Costs

Costs that do not change with the level of output or activity, including salaries, rent, and insurance.

Activity Level

A measure of the amount of work or production a business undertakes, which can affect costs and efficiencies.