What are the basic assumptions on which the hierarchy-of-needs theory rests?
What will be an ideal response?
The hierarchy-of-needs theory is based primarily on work by Abraham Maslow, a well-known humanistic psychologist now deceased. Maslow's theory rests on a number of basic assumptions. One is that lower-level needs must be satisfied before higher-level needs become motivators. A second is that a need that is satisfied no longer serves as a motivator. A third is that there are more ways to satisfy higher-level than there are ways to satisfy lower-level needs.
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Which of following functions should be segregated?
a. opening the mail and making the journal entry to record cash receipts b. authorizing credit and determining reorder quantities c. maintaining the subsidiary ledgers and handling customer queries d. providing information on inventory levels and reconciling the bank statement
External auditing is an independent appraisal function established within an organization to examine and evaluate its activities as a service to the organization
Indicate whether the statement is true or false
Consider the following situation: Local livestock farmers could allow the runoff of manure nutrients into a stream that feeds a local lake because polluting the stream helps farmers in the short term. However, farmers will act ethically in the short run to avoid harming others in the long run because doing so is also in the farmer's best long-term interests. This type of thinking reflects the _____ approach to deciding ethical dilemmas.
A. individual B. group C. moral-rights D. utilitarian E. justice
According to FASB ASC Topic 280 (Segment Reporting) how do firms identify reportable segments?
a. By designations used inside the firm b. By product lines c. By industry classification d. By geographic regions