In the Context of Maslow's Need Hierarchy, the Progression Hypothesis

question 53

Multiple Choice

In the context of Maslow's need hierarchy, the progression hypothesis suggests that:​

• A)​people progress up the hierarchy as they successively gratify each level of need.
• B)people with a high need for achievement seek performance excellence.​
• C)it is more crucial to gratify the needs at the highest level and then the ones below it.​
• D)the lowest level of needs represents the external incentives of employees.​

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Definitions:

Journalizing

The process of recording transactions in a company's journal, detailing the financial activities and their impact on accounts.

Ledger

A collection of accounts in which the transactions of a business are categorized and recorded, serving as the main accounting record.

Account

A record that keeps track of financial transactions of a specific type or for a specific purpose within an organization.

General Ledger

A comprehensive record of all financial transactions that occur within a company, serving as the primary data source for the financial statements.