A Key Premise of Maslow's Hierarchy of Needs Theory Is

question 132

Multiple Choice

A key premise of Maslow's hierarchy of needs theory is that ________.

• A)people's needs are based on their wants
• B)people's needs are based on an order of importance
• C)not all people have basic needs
• D)a satisfied need is a motivator

Understand the relationship between attitudes, happiness, and age.

Recognize the role of conflicts and values in organizational and personal dynamics.

Comprehend the concept of job satisfaction and its influencing factors.

Acknowledge the importance of organization citizenship behavior and its contribution to workplace dynamics.

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Definitions:

Efficiency Loss

Refers to the waste of resources that occurs when market conditions prevent the allocation of resources in a way that maximizes utility or welfare.

Elasticity of Supply

A measure of the responsiveness of the quantity supplied of a good or service to a change in its price, indicating how producers react to price variations.

Elasticity of Demand

A measure indicating how much the quantity demanded of a good changes in response to a change in the price of that good.

Excise Tax

A type of tax imposed on specific goods, services, or activities, often used to discourage consumption of certain products or to raise government revenue.