Attractive Features of a 401(k)plan Can Include

question 124

Multiple Choice

Attractive features of a 401(k) plan can include

• A)guaranteed investment return and tax deferral.
• B)tax deferral and liquidity.
• C)liquidity and matching contributions.
• D)matching contributions and tax deferral.
• E)tax deferral and liquidity

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Definitions:

National Culture

The set of norms, beliefs, practices, and values shared by the population of a country.

Long-Term Oriented

A focus on future rewards and outcomes, valuing long-term benefits over immediate gratification.

Individualistic Culture

A culture characterized by the prioritization of individual goals and rights over those of the group, emphasizing personal achievement and independence.

Terminal Values

The ultimate goals or ends that an individual seeks in life, which guide his or her behavior and decision-making.