The Lowest Order of Need in Abraham Maslow's Hierarchy of Needs

question 30

Multiple Choice

The lowest order of need in Abraham Maslow's hierarchy of needs is:

• A) security needs.
• B) physiological needs.
• C) esteem needs.
• D) self-actualisation needs.
• E) transcendence needs.

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Definitions:

Merchandisers

Businesses that purchase and sell goods without significantly altering their form.

Performance Obligation

A duty or commitment that a company must fulfill to transfer a promised good or service to a customer.

Sales Returns And Allowances

Sales returns and allowances account for the reduction in sales revenues due to returned or defective products allowed by a company to its customers.

Sales Discounts

Reductions in the price of goods or services offered to customers, typically in exchange for early payment.