Briefly explain Maslow’s hierarchy of needs.
What will be an ideal response?
Maslow’s needs hierarchy, in the shape of a pyramid, illustrates our most basic needs located at or near the base and our higher-order needs closer to or at the top. Once our basic necessities of life, such as shelter, food, water, and safety, are met, we can concern ourselves with meeting our needs for inclusion or belonging. If we are able to find another who cares enough for us to help us, we can strive to achieve our full potential at the top of the pyramid.
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The discount rate used in a net present value analysis is the ________.
A) rate of inflation B) rate of interest earned on a savings account C) required rate of return or the hurdle rate D) rate of interest charged for debt financing of an investment
There are many advantages of budgeting. List four of these advantages
A focus of material flow in a process-focused layout should be on?
a. Placing frequently used departments close to each other b. Placing rarely used departments close to each other c. Placing rarely used departments far from each other d. Placing frequently used departments far from each other
Back to Basics Auto Insurance advertises "minimum coverage for minimum budgets" for its automobile insurance. Which of the following best describes Back to Basic's approach?
A. Customers often use price as an indicator of quality, and Back to Basics wants to be seen as a low-quality provider. B. This type of advertising makes insurance more tangible to the customer. C. Back to Basics wants to reassure customers that they provide the highest level of service quality available. D. Because market conditions limit prices on auto insurance, Back to Basics uses this approach to gain customers. E. For some services, customers look for the low-cost provider, which is what Back to Basics claims to be.