The Need's Hierarchy Theory Is Historically Important Because It Focused

question 118

Multiple Choice

The need's hierarchy theory is historically important because it focused attention on:

• A) people's esteem
• B) self-actualization
• C) safety
• D) social needs
• E) Both A and B

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Definitions:

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected variable overhead based on the predetermined rate.

Direct Materials

Raw materials that are directly traceable to the manufacturing of a specific product and included in the direct costs of production.

Variable Overhead

Costs that vary with the level of production or business activity, such as utilities or indirect materials.

Direct Material

Raw materials and components that are directly incorporated into a finished product and can be easily traced to the product.