Lucia Has Just Celebrated Her One-Year Anniversary at Her Job

question 38

Multiple Choice

Lucia has just celebrated her one-year anniversary at her job. She started investing in the company's retirement savings program a year ago, and she is curious how her investments have performed. Over the year she invested a total of $4000 into the retirement savings program, and today her account is worth $4700. What is Lucia's rate of return?

• A) 7%
• B) 14.9%
• C) 17.5%
• D) 23.2%

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Definitions:

Task Variety

The degree to which a job involves different activities requiring various skills and talents.

Job Enlargement

The process of increasing the variety of tasks and responsibilities of a job to enhance motivation and satisfaction.

Job Breadth

The scope and variety of tasks, responsibilities, and activities within a particular job role.

Telecommuting

Working at home or from a remote location using computers and advanced telecommunications.