If the Director of a Company Aspires to Become Its

question 105

Multiple Choice

If the director of a company aspires to become its managing director,works hard toward that goal,and achieves the position.Which of his needs is fulfilled according to Maslow's hierarchy of needs?

• A) Physiological need
• B) Safety need
• C) Social need
• D) Self-actualization need

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Definitions:

Total Asset Turnover

An efficiency ratio indicating how effectively a company uses its assets to create sales, calculated by comparing its net sales to its average total assets.

Net Sales

The revenue a company earns from sales once it subtracts returns, allowances for damaged or missing products, and discounts.

Asset Efficiency

A measure of how effectively a company uses its assets to generate revenue.

Salvage Value

The projected resale price of an asset upon reaching the end of its useful period, accounted for in computing depreciation.