Both 401(k)plans and Roth 401(k)plans Are Forms of Defined Contribution

question 71

True/False

Both 401(k)plans and Roth 401(k)plans are forms of defined contribution plans.

---

Definitions:

Cognitive Expectation

An individual's anticipation or belief about what may happen in the future, often based on past experiences or learning.

Tolman

Refers to Edward C. Tolman, a psychologist known for his contributions to cognitive learning theory, particularly the concept of latent learning.

Frustration Response

An emotional or behavioral response that occurs when an individual is blocked from reaching a desired goal or outcome.

Conditioned Emotional Response

An emotional reaction acquired through classical conditioning, where a neutral stimulus becomes associated with an emotionally charged event or object.