Briefly explain McClelland's acquired needs theory. How should managers use this model to motivate employees? What do you think your levels are of the needs that McClelland identified, and why do you think that?
What will be an ideal response?
McClelland focused on three needs: power, affiliation, and achievement. Managers should attempt to create work environments for individual subordinates depending on the individual's own pattern of these needs.
The student should explain his or her own levels of needs.
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The performance measures on a balanced scorecard tend to fall into four groups: financial measures, customer measures, internal business process measures, and learning and growth measures.
Answer the following statement true (T) or false (F)
When you present a report, the audience expects the information to be reliable, accurate, and _____
A) supportive of the organization B) complete C) biased D) understandable E) quantifiable
A project manager is using the payback method to make the final decision on which project to undertake. The company has a 15% required rate of return and expects a 5% rate of inflation for the following five years
What is the discounted payback of a project that has cash flows as shown in the table? Year Cash Flow 0 -$500,000 1 $50,000 2 $75,000 3 $150,000 4 $150,000 5 $750,000 A) 3.9 years B) 4.3 years C) 4.6 years D) 4.1 years
The criterion of realism is also called the Laplace criterion
Indicate whether the statement is true or false