Unsatisfied Physiological Needs Come to Dominate a Person's Life; Everything

question 9

True/False

Unsatisfied physiological needs come to dominate a person's life; everything is subordinated to efforts to satisfy them.

---

Definitions:

GAAP

Generally Accepted Accounting Principles; the standard framework of guidelines for financial accounting used in any given jurisdiction, particularly in the United States.

Projected Benefit Obligation

The present value of estimated future payments required to settle the obligations of a pension plan over its employees' expected future service.

Plan Assets

Assets that are held by a retirement plan from which the benefits to the participants are to be paid.

Funded Status

A measure of the financial health of a pension plan, indicating the difference between plan assets and liabilities.