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In a short essay, explain which theories work best for certain cultures.The discussion should include Maslow's need hierarchy, the three-needs theory, and the equity theory.
Consideration
A concept in contract law that involves something of value exchanged between parties as part of an agreement.
Subrogation
The legal right held by insurers to pursue a third party that caused an insurance loss to the insured.
Secured
Relating to a loan or obligation that is backed by collateral, ensuring the lender has recourse in case of default by the borrower.
Obligation
A legal or moral duty to do or not to do something, often resulting from a contract or promise.
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