What Is One of the Criticisms of Abraham Maslow's Hierarchy

question 24

Multiple Choice

What is one of the criticisms of Abraham Maslow's hierarchy of needs?

• A)The highest level has never been attained.
• B)Self-actualization is actually a biological drive.
• C)The hierarchy does not have any focus on social needs.
• D)Some people who struggle with lower needs may still satisfy higher needs.

Understand the concept of accord and satisfaction in contract modification.

Identify the effect of external factors, like court orders or legislative changes, on contracts.

Assess the legality and enforceability of contract terms in light of changing laws.

Evaluate the rights to payment under a contract despite partial unfulfilled obligations.

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Definitions:

Net Income

Profit of a company after all expenses and taxes have been subtracted from total revenue.

Matching Principle

An accounting principle that dictates that expenses should be recognized in the period in which the related revenues are earned, helping to ensure that financial statements are accurate.

Expenses

The outflows or using up of assets as part of operations of a business to generate revenue.

Revenue

The total amount of money generated by the sale of goods or services related to a company's primary operations during a specific period.