Which Statement Is Correct Regarding the "Hierarchy of Needs

question 19

Multiple Choice

Which statement is correct regarding the "hierarchy of needs"?

• A) The higher level needs have to be met before the lower-level needs.
• B) People seek to satisfy only one need at a time.
• C) The lower level needs have to be met before the higher level needs.
• D) Our safety needs of security and protection have to be met first before the rest are satisfied.

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Definitions:

Sales Volume Variances

This is the difference between the actual sales volume and the budgeted sales volume, affecting revenue and expense projections.

Direct Materials Price Variance

The variance between the real expense of direct materials utilized in production and their predetermined cost, multiplied by the real amount of materials used.

Pounds

A unit of weight commonly used in the United States' customary and British imperial measurement systems.

Overhead Cost Variance

The difference between the actual overhead incurred and the overhead that was expected or budgeted.