In Contrast to the Hierarchy of Needs Theory,McClelland Suggests That

question 80

Multiple Choice

In contrast to the hierarchy of needs theory,McClelland suggests that

• A)no more than one need may be working at one time.
• B)all needs are lower level.
• C)more than one need may be working at the same time.
• D)McClelland identifies motivators,not needs.
• E)interpersonal relationships are always the highest need to be satisfied.

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Definitions:

FIFO Cost Method

The FIFO (First In, First Out) cost method is an inventory valuation approach where goods first bought are the first ones sold, assuming that older inventory is used up first.

LIFO Method

An inventory valuation method that assumes the last items placed into inventory are the first ones sold during an accounting period.

FIFO

First-In, First-Out, an inventory method where the oldest items in stock are sold first.

LIFO

Last-In, First-Out, an inventory valuation method where the most recently produced or purchased items are sold first, used for cost of goods sold calculation.