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Maslow's Hierarchy of Needs Refers to the Five Levels of Needs

question 33

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Maslow's hierarchy of needs refers to the five levels of needs that humans seek to satisfy, from most to least basic to survival. These needs, in order from most to least basic to survival are


Definitions:

Equity

The value of an owner's interest in a property, minus the liabilities tied to the property.

Independent

Free from external control or influence; not depending on another's authority.

Historical Cost

An accounting principle requiring assets to be recorded at their original cost at the time of purchase, without adjustments for inflation or market value changes.

Financial Statements

Structured representations of the financial performance and financial position of an entity, providing detailed information about its income, expenses, assets, liabilities, and equity.

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