You Have Worked in Upper Management for Ten Years, but Your

question 9

Multiple Choice

You have worked in upper management for ten years, but your company is downsizing and you are worried you will lose your job. According to Maslow's Hierarchy of Human Needs, your fear of losing your job would be a part of which of the following human needs:

• A) Basic/Physiological needs
• B) Security/Safety needs
• C) Belonging needs
• D) Love/esteem needs
• E) Self-actualization needs

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Definitions:

Impairment Loss

A reduction in the book value of an asset when its market value falls below its carrying amount on the balance sheet.

Straight Line Amortization

An approach to systematically allocate the cost of an intangible asset throughout its period of usefulness.

Fair Value Enterprise

An approach to valuing a company based on the current price at which its assets or services could be sold or settled between knowledgeable, willing parties in an arm's length transaction.

Non-Controlling Interest

The portion of equity interest in a subsidiary not owned by the parent company, reflecting the minority shareholders' share of the subsidiary's net assets and profits.