According to Maslow's Hierarchy of Needs

question 3

Multiple Choice

According to Maslow's hierarchy of needs:

• A) Safety must be met before hunger
• B) Safety must be met before thirst
• C) Security must be met before hunger
• D) Security must be met before thirst
• E) None of the above

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Definitions:

Net Income

Net income is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, representing the actual earnings retained.

Closing the Revenue

The process of transferring the balances from revenue accounts to a permanent equity account at the end of an accounting period.

Capital Account Balance

The amount in a company or partnership's capital account, representing ownership interest in the entity.

Withdraws

Money taken out of a business by its owner(s) for personal use.