Edward Is an Employee of Alpha Co

question 20

Multiple Choice

Edward is an employee of Alpha Co. ,a software firm.He is dedicated to his work and is passionate about the organization's goals.He intends to be a part of the organization for the rest of his life.Hence,Edward actively participates in all major company events.In the context of organizational psychology,Edward seems to have a strong sense of _____ in this scenario.

• A)affective commitment
• B)continuance commitment
• C)normative commitment
• D)personal commitment

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Definitions:

Compounded monthly

Interest calculation method where the interest is added to the principal each month for the purpose of the next month's interest calculation, effectively increasing the amount over time.

Economic value

The monetary worth of a good or service as determined by the market.

Deferred annuity

An annuity contract that delays payments of income, installments, or a lump sum until the investor elects to receive them.

Ordinary annuity

Regular payments of the same amount made at set intervals, during which interest is calculated and added at the end of each period.