The Need Hierarchy Has Received Wide Acceptance in Many Social

question 13

Essay

The need hierarchy has received wide acceptance in many social disciplines.Nevertheless,there are problems with the theory.Identify the advantages and disadvantages of Maslow's hierarchy-of-needs theory.

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Definitions:

Accounts Receivable

Amounts owed to a company by customers for goods or services delivered or used but not yet paid for.

Current Liability

Financial obligations that a company is required to pay within one year or within its operating cycle, whichever is longer.

Current Asset

An asset that is expected to be converted into cash, sold, or consumed within one year or within the business's normal operating cycle if longer than a year.