A Contribution of Herzberg's Two-Factor Theory Is That It

question 17

Multiple Choice

A contribution of Herzberg's two-factor theory is that it

• A)distinguishes between the need for power versus achievement.
• B)reminds managers to focus on intrinsic as well as extrinsic rewards.
• C)illustrates that needs have to be satisfied in a specific order.
• D)proves that human wants are intrinsically insatiable.
• E)suggests that job design is of little consequence to employee motivation.

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Definitions:

Marginal Benefit

The additional satisfaction or utility that a person receives from consuming an additional unit of a good or service.

Marginal External Damages

Additional harm or cost imposed on society or a third party that is not accounted for by the producer or consumer of a good or service.

Marginal Social Cost

The total cost to society of producing an additional unit of a good or service, including both the cost to the producer and the cost to society of any environmental or other externalities.

Monopoly

Market with only one seller.