Maslow's Needs Hierarchy Theory Was Dismissed by Experts More Than

question 249

Essay

Maslow's needs hierarchy theory was dismissed by experts more than three decades ago, yet Maslow's writing has had a lasting and valuable effect by advocating a more holistic and humanistic approach to human motivation. Discuss these two elements and point out how they were applied in Maslow's needs hierarchy theory.

---

Definitions:

Profit Margin

Profit Margin is a financial metric that measures the percentage of revenue remaining after all expenses have been deducted from sales.

Net Income

The total earnings of a company after all expenses and taxes have been deducted from total revenue, indicating the company’s profitability.

Net Sales

The net income from goods or services sold, after deducting returns, allowances, and discounts.

Accrual Basis

An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when cash is exchanged.