According to McClelland, the Three Key Motives of Workers Are

question 56

Multiple Choice

According to McClelland, the three key motives of workers are the needs for

• A) esteem, social interaction, and monetary rewards.
• B) achievement, power, and affiliation.
• C) existence, relatedness, and growth.
• D) love, work, and recognition.

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Definitions:

Producing

The act of creating, manufacturing, or otherwise bringing into existence goods or services to be offered for consumption or use by others.

ATC

Average Total Cost; the sum of all production costs divided by the quantity of output, representing the cost per unit including both fixed and variable costs.

Monopoly Power

The exclusive ability of a company to determine the price and production level of a product or service in the market.

Marginal Revenue

The gain in revenue resulting from the sale of one extra unit of a good or service.