All of the Following Descriptions of Maslow's Needs Hierarchy Are

question 96

Multiple Choice

All of the following descriptions of Maslow's needs hierarchy are correct EXCEPT:

• A) research evidence suggests that the needs in Maslow's hierarchy exist in a flexible rather than rigid order.
• B) the five need levels may vary according to a person's career stage, the size of the organization, or geographical location.
• C) the satisfaction of a need at one level will always decrease its importance and increase the importance of the next lower need.
• D) the order of needs in the hierarchy may differ across cultures.
• E) social needs tend to be dominant in more collectivist societies.

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Definitions:

Loanable Funds Theory

An economic theory that suggests the market interest rate and the quantity of loanable funds are determined by the demand and supply of credit.

Interest Rates

The cost of borrowing money or the return on investments, usually expressed as a percentage.

Present Consumption

refers to the amount of goods and services consumed by individuals or households at the current time, as opposed to saving for future use.

Loanable Funds Curve

A graphical representation of the market for loanable funds, showing the relationship between the real interest rate and the quantity of loanable funds supplied and demanded.