John Attends Meditation Classes

question 47

Multiple Choice

John attends meditation classes.He believes that meditation will help him maintain a happy, satisfied outlook on life.This is an example of:

• A)esteem needs.
• B)functional needs.
• C)physiological needs.
• D)social needs.
• E)safety needs.

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Definitions:

Price Adjustment Contract

A contract that allows for changes in price based on certain conditions, such as inflation rates or cost increases.

Fixed Price

A contract method where the service or product is provided at a set price, regardless of the actual costs incurred.

Inflation Adjusted Price

A price that has been modified to reflect the changes in purchasing power due to inflation, allowing for comparison over time.

Cost Plus Contract

A type of contract where the buyer agrees to pay the seller all project costs, plus an additional amount or percentage as profit.