Maslow's Hierarchy of Needs Theory Rests on the Assumption That

question 16

Multiple Choice

Maslow's hierarchy of needs theory rests on the assumption that:

• A)if you cannot satisfy one need you move on to the next level of need.
• B)the higher level needs have to be satisfied before the lower level needs can be satisfied.
• C)physiological needs have to be satisfied after social needs.
• D)when a lower-level need is satisfied,the next level of need demands attention.
• E)all needs are equally important at all times.

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Definitions:

Income Statement

A financial statement that shows a company's revenues and expenses, and profits or losses over a specific period of time.

Relationship of Net Income to Net Sales

A profitability metric that measures the percentage of net sales that ultimately becomes net income, indicating the efficiency of a company in generating profit from sales.

Net Income

The total earnings of a company after all expenses and taxes have been subtracted from total revenue.

Net Sales

This refers to the revenue generated from sales after deducting returns, allowances for damaged or missing goods, and discounts.