Briefly Describe Maslow's Hierarchy of Needs

question 70

Essay

Briefly describe Maslow's hierarchy of needs.

Appreciate the implications of variations in generally accepted accounting principles (GAAP) on the quality of earnings reported.

Understand the significance of inventory turnover in analyzing operational efficiency.

Recognize the importance of proper disclosure including disposal of significant components in financial statements.

Understand the impact of social psychology principles on interpersonal relationships.

---

Definitions:

Extraversion

Characteristic of a happy attitude in which a person’s behavior is directed outward, toward others.

Self-esteem

A person's personal assessment of their self-value or merit.

Cognitive Dissonance

A psychological phenomenon where there is a conflict between one's beliefs and behaviors, causing discomfort which individuals are motivated to reduce.

Emotional State

An emotional state is the temporary condition of experiencing specific emotions, which can influence cognition, behavior, and interpersonal interactions.