ERG Theory and Maslow's Needs Hierarchy Theory Have Largely Failed

question 158

True/False

ERG theory and Maslow's needs hierarchy theory have largely failed to explain the dynamics of employee needs because they falsely assume that everyone has the same need hierarchy.

---

Definitions:

Reporting Standard

Guidelines and rules that organizations follow to maintain uniformity and transparency in financial reporting.

Relevance

The quality of information that indicates the information makes a difference in a decision.

Financial Statements

Documents presenting the financial activities and condition of a business, including statements like profit and loss accounts, and balance sheets.

General-Purpose

Designed or suitable for a range of uses or applications rather than a specific one.