Explain the different types of needs according to Maslow and how they relate to each other.
What will be an ideal response?
Psychologist Abraham Maslow proposed that all people seek to satisfy five basic kinds of needs: physiological needs, safety needs, belongingness needs, esteem needs, and self-actualization needs. Physiological needs are basic needs for things such as food, water, and shelter that must be met in order for a person to survive. Safety needs are needs for security, stability, and a safe environment. Belongingness needs are needs for social interaction, friendship, affection, and love. Esteem needs are the needs to feel good about oneself and one's capabilities, to be respected by others, and to receive recognition and appreciation. Self-actualization needs are the needs to realize one's full potential as a human being. Needs are in a hierarchy from physiological, to safety, to belongingness, to esteem, and finally self-actualization. A person's unmet needs at the lowest level must be met before the next higher level of need can serve as a motivator.
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What will be an ideal response?
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Indicate whether the statement is true or false
Nocum Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (3,000 units)$120,000Variable expenses 90,000Contribution margin 30,000Fixed expenses 21,000Net operating income$9,000If sales decline to 2,900 units, the net operating income would be closest to:
A. $8,000 B. $8,700 C. $29,000 D. $1,000
Megan bought 200 shares of stock at a price of $10 a share. She used her 70% margin account to make the purchase. Megan sold her stock after a year for $12 a share
Ignoring margin interest and trading costs, what is Megan's return on investor's equity for this investment? A) 67% B) 29% C) 14% D) 10%