Compared to Maslow's Hierarchy, the Needs Described in McClelland's Theory

question 76

True/False

Compared to Maslow's hierarchy, the needs described in McClelland's theory of needs are more akin to motivating factors than strict needs for survival.

---

Definitions:

Current Liability

A current liability is a company's short-term financial obligation that is due within one year or within the normal operating cycle.

Current Asset

Assets expected to be converted into cash, sold, or consumed within one year or the normal operating cycle of a business, whichever is longer.

Direct Method

A way of preparing the cash flow statement where actual cash flow information from the company's operations is used, as opposed to the indirect method which adjusts net income for accruals.

Accrued Interest

Interest that has been incurred but not yet paid or received at the end of the accounting period.