The ________ Need of Maslow's Hierarchy of Needs Relates to the Individual's

question 40

Multiple Choice

The ________ need of Maslow's hierarchy of needs relates to the individual's desire to be free from harm,including both bodily and economic disaster.

• A)security
• B)social
• C)physiological
• D)esteem
• E)self- actualization

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Definitions:

Defined Benefit

A type of retirement plan that promises a specified monthly benefit at retirement, which can be determined by factors such as salary history and duration of employment.

Pension Plan

A retirement plan that requires an employer to make contributions into a pool of funds set aside for a worker's future benefit. The pool of funds is invested on the worker's behalf, and the earnings on the investments generate income to the worker upon retirement.

Risk Aversion

A trait or behavior exhibited by investors who prefer to avoid risk, choosing safer investments over riskier ones.

Liquidity

Liquidity describes the ease with which an asset, or security, can be converted into ready cash without affecting its market price.