Which of the Following Statements Is True of Maslow's Hierarchy

question 9

Multiple Choice

Which of the following statements is true of Maslow's hierarchy of needs?

• A) The first level of need that an individual has to fulfill is his safety requirements.
• B) Self-esteem needs act as a powerful drive to create demand for status-improving goods.
• C) As countries progress economically, more people begin to operate at the physiological level.
• D) The final stage in Maslow's need hierarchy is self-esteem.

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Definitions:

Fixed Overhead Volume Variance

A financial metric indicating the difference between the budgeted and actual volume of production, multiplied by the fixed overhead rate per unit.

Fixed Overhead Volume Variance

The difference between the budgeted and actual volume of production, which results in a variance in fixed overhead costs allocated per unit.

Overhead Applied

The portion of manufacturing overhead costs allocated to individual products or job orders based on a predetermined overhead rate.

Products

Goods or commodities that are manufactured or refined for sale.