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A toy manufacturer is experiencing quality problems on its assembly line.Every defective toy that leaves the factory costs the firm $20.The firm has decided to hire quality inspectors to catch defective toys before they leave the factory. Given the above information,if the cost of each defective toy rises to $50,while inspectors are paid $150 a day,how many inspectors should the firm hire?
Hierarchy of Needs
A psychological theory proposed by Abraham Maslow that categorizes human needs into five hierarchical levels, from basic physiological needs to self-actualization.
Maslow's Hierarchy
A psychological theory proposed by Abraham Maslow that outlines a five-tier model of human needs, from basic (physiological) to more complex (self-actualization) needs.
Assumptions
Beliefs or ideas taken for granted without any proof or surety, often used as bases for reasoning and decision-making.
Motivation Theory
A concept that explains what drives individuals to initiate, direct, and sustain behaviors to satisfy their needs and goals.
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