In the Context of Building Wealth for Retirement, Which of the Following

question 71

Multiple Choice

In the context of building wealth for retirement, which of the following statements is true of a traditional individual retirement account (IRA) ?

• A) A person has the right to make the decision about how much to invest subject to maximum allowable contributions.
• B) A person can put his or her IRA money only into government securities and mutual funds.
• C) A person need not pay taxes on the money received from a traditional IRA when he or she begins making withdrawals.
• D) The contributions a person makes to a traditional IRA are not tax deductible at the time he or she makes them.

Understand the significance of socially responsible investing and criteria for selecting such mutual funds.

Understand the key concepts and results of the Hawthorne studies and their impact on management practices.

Grasp the differences between Maslow's hierarchy of needs and how it applies to workplace motivation and productivity.

Recognize the theoretical distinctions between McGregor's Theory X and Theory Y and their implications for management effectiveness.