The _____ is based on the assumption that individuals are motivated to satisfy a number of basic requirements and that money can directly or indirectly satisfy only some of these requirements.

Question

Quizplus · Accepted Answer

The hierarchy of needs theory, developed by Abraham Maslow, is based on the assumption that individuals have several needs that they seek to satisfy in a hierarchical order. These needs start from the most basic physiological needs (such as food and shelter) and move up to safety needs, social needs, esteem needs, and finally self-actualization needs. The theory suggests that money may only satisfy the lower-level needs and may not directly motivate individuals to satisfy the higher-level needs.

The _____ Is Based on the Assumption That Individuals Are