ECONOMICS

COST ACCOUNTING

INFORMATION FOR DECISION MAKING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
These are the things we desire to have.
A
Wants
B
Goals
C
Opportunity Costs
Explanation: 

Detailed explanation-1: -Often, we want things not because of their physical manifestation but because of the way we think having those things will make us feel. For example, we may want a significant other to feel loved, or a fancy house to feel successful. Spend some time thinking about why you want what you want.

Detailed explanation-2: -Once we have food, water and shelter we must feel safety, belonging and mattering. Without these 3 things humans crave we can not get in their smart state.

Detailed explanation-3: -Maslow’s theory was that people progress through five general stages in the pursuit of what they want: physiology, safety, belongingness/love, esteem, and self-actualization.

There is 1 question to complete.