One of the Ten Major Elements of the Job Environment

question 5

Multiple Choice

One of the ten major elements of the job environment that determine well-being at work is ____ --- the ability to use one's skills and talents in the job.

• A) "externally generated goals"
• B) "valued social position"
• C) "opportunity for skill use"
• D) "opportunity for personal control"

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Definitions:

Retirement Plan

A financial arrangement designed to replace employment income upon retirement, often offering tax benefits.

Tax-Free Rollover

is a transfer of assets from one tax-deferred investment to another without incurring immediate tax liabilities.

Traditional IRA

An individual retirement account allowing individuals to direct pre-tax income toward investments that can grow tax-deferred until withdrawals begin at age 59 1/2 or later.

Qualified Pension Plan

A retirement savings plan that meets specific requirements set forth by the IRS, providing tax advantages to both the employer and the employees.