According to McClelland, the need for ________ is exemplified by people who set clear goals for themselves and like to receive performance feedback.
A. achievement
B. acceptance
C. solidarity
D. power
E. affiliation
Answer: A
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Proper __________ depends on correctly analyzing the effect of each transaction and on maintaining a system of accounts that reflects that effect
A) classification B) valuation C) recognition D) realization
When Procter & Gamble added teeth-whitening products under the Crest brand, the firm was engaged in
A. brand extension. B. brand licensing. C. perceived value branding. D. brand association. E. corporate branding.
E Corp sold five million toasters. The company never had a safety problem. One of its toasters, for no clear reason, electrocutes the son of the woman who bought the toaster. In her suit against E Corp for the death of her son (a tort), the company is likely to be held:
a. not liable because one in five million is evidence of high quality, not a safety problem b. not liable because the toaster was purchased by the woman, not her son, so there is no right of suit c. not liable because of assumption of the risk d. liable for failure to warn of dangers in use e. liable in strict liability for producing a product with a defect that caused injury
Which of the following statements is CORRECT?
A. If a firm increases its sales while holding its accounts receivable constant, then, other things held constant, its days' sales outstanding will decline. B. If a security analyst saw that a firm's days' sales outstanding (DSO) was higher than the industry average and was also increasing and trending still higher, this would be interpreted as a sign of strength. C. If a firm increases its sales while holding its accounts receivable constant, then, other things held constant, its days' sales outstanding (DSO) will increase. D. There is no relationship between the days' sales outstanding (DSO) and the average collection period (ACP). These ratios measure entirely different things. E. A reduction in accounts receivable would have no effect on the current ratio, but it would lead to an increase in the quick ratio.