Unlike Needs Hierarchy Models, Recent Studies Suggest That

question 79

Multiple Choice

Unlike needs hierarchy models, recent studies suggest that

• A)all needs are learned rather than formed from innate drives.
• B)values, self-concept, and social identity influence a person's unique needs hierarchy.
• C)everyone has the same needs hierarchy.
• D)physiological and safety needs are always the lowest level needs.
• E)people do not have a needs hierarchy.

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Definitions:

Fair Value Measurement

An accounting standard for measuring the value of assets and liabilities based on the current market price.

GAAP Hierarchy

A framework within Generally Accepted Accounting Principles that ranks the authority of financial reporting guidelines and standards in the United States.

Level 3

Refers to a category of financial assets and liabilities valued based on inputs that are not readily observable in the market.

Quoted Prices

The most recent price at which an asset or security was traded on a financial market; often used for valuation and accounting purposes.