Which of the Following Is an Example of the Second

question 62

Multiple Choice

Which of the following is an example of the second level of the need hierarchy?

• A) Children in drought-stricken Africa are dying of starvation.
• B) The football quarterback is embarrassed that he fumbled a catch.
• C) Military personnel, away from home for many weeks, are sexually frustrated.
• D) People are evacuated from a building because of a bomb threat.

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Definitions:

Receivables Financing

A type of financing where a company uses its accounts receivable as collateral for a loan.

Carrying Cost

The total cost of holding inventory, including storage, insurance, taxes, depreciation, and opportunity costs.

Economic Order Quantity

A formula used in inventory management to determine the optimal order size that minimizes total costs related to acquiring, holding, and replenishing inventory.

Fixed Costs

Expenses that do not change with the level of goods or services produced by a business, such as rent, salaries, and insurance premiums.