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Andru [333]
3 years ago
7

Clarence used to work as a doctor in a federal government hospital. After retiring, he started a private clinic to continue prac

ticing medicine and to maintain his reputation as a doctor. In the context of Maslow's Hierarchy of Needs, this scenario best illustrates Clarence's _____.
Business
1 answer:
Masteriza [31]3 years ago
6 0

Answer:

self-actualization

Explanation:

The answer is deeply related to "Maslows Hierarchy of Needs."

Abraham Harold Maslow is a popular American psychologist who introduced a motivational theory consisting of five stages in relation to the<em> deficiency needs and growth needs of humans.</em>

Everything starts with the deficiency needs.<u> It is very important to satisfy this need in order to engage into the growth needs.</u> For example, a boy is very thirsty. If that need will not be met, the boy will continuously crave for water. On the contrary, if this is met immediately, the boy will aim to grow as a person. This is what you call the growth needs.

This needs are presented in a pyramid.

From top to bottom:

1. Self-actualization

2. Self-esteem Needs

3. Love or Belongingness Needs

4. Safety Needs

5. Physiological Needs

It is ideal for a person to progress from Physiological Needs to Self-actualization, but it doesn't mean every stage is always met. Sometimes, fluctuations occur depending on the situation.

Regarding Clarence's case above. It was stated that he already worked as a doctor in a federal government. This means that he has already satisfied his self-esteem needs and the other needs below. Becoming a doctor is a prestige and a feeling of accomplishment. This can be found on the <u>Self-Esteem Needs </u>stage. In addition to this, <em>Clarence already reached his full potential and is seeking for personal growth and independence. </em>This is backed by the statement above that he opened a private clinic to continue his practice. This means he is already on the self-actualization stage of the hierarchy. 

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Mott Company purchases a machine from Janelle Company. Installation of the machine requires specialized knowledge that Mott Comp
alekssr [168]

Answer:

$45,455  and $4,545

Explanation:

Given that

The machine stand alone price = $50,000

Value of the installation = $5,000

Agreed purchase value of the machine = $50,000

So, by considering the above information, the contract price allocated  to machine is

Contract Price allocated to Machine = Total Contract price × Standalone price ÷ (Standalone price of machine + installation value)

= $50,000 × $50,000 ÷ $55,000

= $45,455

And for installation , it is

Contract Price allocated to Installation

= $50,000 × $5,000 ÷ $55,000

= $4,545

7 0
3 years ago
What tips should you follow when writing the trip report? Check all that apply.
Anvisha [2.4K]

Answer:

The correct answer is letter "B", "C", and "D".

Explanation:

Trip reports relate the major events of a journey to a different location because of business. companies need it to find out if the employee developed all the activities the trip was set for. They are usually requested with an expense report where workers show how they used the budget approved for the company so they could cover basic needs -food, clothing, and shelter.

<em>Trip reports should identify topics in the opening, including major topics with headings, and cover interest facts for managers.</em>

8 0
3 years ago
Bramble Corp. sells MP3 players for $60 each. Variable costs are $30 per unit, and fixed costs total $120000. How many MP3 playe
VMariaS [17]

Answer:

Break-even point in units=  14,000 units

Explanation:

Giving the following information:

Selling price= $60

Variable costs are $30 per unit

Fixed costs total $120,000.

Desired profit= $300,000

<u>To calculate the number of units to be sold, we need to use the following formula:</u>

Break-even point in units= (fixed costs + desired profit)/ contribution margin per unit

Break-even point in units= (120,000 + 300,000) / 30

Break-even point in units=  14,000 units

3 0
3 years ago
When people with lower incomes pay lower taxes, this represents the role of government called _____. supervisory body source of
Vikki [24]
The answer is reallocation of income
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3 years ago
Assume that over the past 88 years, u. S. Treasury bills had an average return of 3. 5 percent as compared to 6. 1 percent on lo
zheka24 [161]

The average nominal risk premium on the long-term government bonds was 2.6 percent.

A risk premium is the expected investment return on an asset that is higher than the risk-free rate of return. The risk premium on an asset is a form of compensation for investors. It compensates investors for tolerating the additional risk in a given investment over that of a risk-free asset. Subtracting the return on risk-free investment from the return on investment yields the risk premium.

The nominal risk premium is:

Nominal Risk-Free Rate - Inflation Premium = Real Risk-Free Rate. Nominal rates are the rates we encounter on a daily basis, such as interest rates from banks and other financial institutions.

Nominal risk premium = 6.1 % -3.5 %

= 2.6%.

Learn more about risk premium here-

brainly.com/question/15570868

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8 0
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