This question contains three parts; be sure to answer all parts. First, define a need-based perspective on motivation. Second, identify two of the need-based theories, and list the needs that each includes. Finally, assume that you are the CEO of a company that manufactures low-priced clothing for bargain retailers like Walmart and Target. For the two theories you listed, explain how you would manage each of the relevant needs for the employees in your factory, where the cloth is cut, and the clothes are assembled.
What will be an ideal response?
A need-based perspective on motivation, also called a content perspective, is one that concentrates on the psychological or physiological deficiencies that arouse behavior. Theories include:
1. McGregor's TheoryX/Theory Y
2. Maslow's hierarchy of needs: self-actualization, esteem, love, safety, and physiological needs
3. Deci and Ryan's self-determination theory: competence, autonomy, and relatedness
4. Herzberg's two-factor theory: motivating factors and hygiene factors
5. McClelland's acquired needs theory: achievement, power, and affiliation needs
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When are revenues and expenses recognized in the same accounting period that cash receipts and payments occur?
a. Under the cash basis of accounting b. Under the accrual basis of accounting c. Under the adjusting method of accounting d. Under both the cash and accrual bases of accounting
Compton Company expects the following total sales:MonthSales March$30,000 April$20,000 May$30,000 June$25,000 The company expects 60% of its sales to be credit sales and 40% for cash. Credit sales are collected as follows: 30% in the month of sale, 70% in the month following the sale. The budgeted accounts receivable balance on May 31 is:
A. $21,000. B. $12,600. C. $20,400. D. $12,240.
If a company is having trouble paying its obligations, a modification of terms can be granted in the form of interest rate reduction, maturity date extension, and/or a reduction in the amount owed
Indicate whether the statement is true or false
In a perpetual inventory system, the inventory accounts reflect ending balances
Indicate whether the statement is true or false