ENTREPRENEURSHIP

Detailed explanation-1: -The correct answer is True. As per the concept of prepotency, lower-order needs must be substantially fulfilled before higher-order needs are addressed. In Maslow’s hierarchy of needs, Physiological needs are at the lowest followed by Safety, Social and Esteem. The highest level in the hierarchy is Self-actualization.

Detailed explanation-2: -Safety needs represent the second tier in Maslow’s hierarchy and these needs include the security of body, of employment, of resources, of morality of family, and of health.

Detailed explanation-3: -• 40% of self-esteem needs. • 10% of self-actualization. According to Maslow’s Hierarchy of Needs Theory, the concept of security is defined as a person’s need to feel safe and secure. The person must be safe in an environment where there is no security threat.

Detailed explanation-4: -From the bottom of the hierarchy upwards, the needs are: physiological (food and clothing), safety (job security), love and belonging needs (friendship), esteem, and self-actualization. Needs lower down in the hierarchy must be satisfied before individuals can attend to higher needs.