According to McClelland, People with a High Need for Power

question 79

Multiple Choice

According to McClelland, people with a high need for power

• A) put their competencies to work.
• B) seek satisfying interpersonal relationships.
• C) must be able to master complex tasks.
• D) take medium risks in competitive situations.
• E) behave in ways that have a clear impact on other people.

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Definitions:

Diversification

A risk management strategy that involves allocating investments among various financial instruments, industries, or other categories to minimize risk.

Expected Value

A calculated average of all possible values for a random variable, weighted by their probabilities of occurrence.

Health Costs

Expenses associated with maintaining, improving, or treating an individual’s health, including medical care, medication, and hospitalization.

Moral Hazard

Moral hazard occurs when one party in an agreement can take risks because the negative consequences of their actions will be borne by another party.