Describe the Lowest Level of Needs in Maslow's Hierarchy

question 88

Essay

Describe the lowest level of needs in Maslow's hierarchy.

---

Definitions:

Direct Materials

Raw materials that can be directly associated with the production of a product.

FIFO Method

A method of inventory valuation where the first items purchased are the first to be sold or used.

Beginning Work

The initial stock of work-in-process inventory at the start of an accounting period.

Conversion Costs

The combination of direct labor and manufacturing overhead costs incurred to convert raw materials into finished goods.