Why Have Employers Switched to Defined-Contribution Plans Instead of Defined-Benefits

question 98

Multiple Choice

Why have employers switched to defined-contribution plans instead of defined-benefits plans for most companies?

• A)They remove the financial risk for future pension costs away from the company and pass it on to the employee.
• B)The employer doesn't want to do any bookkeeping for the retirement plan.
• C)Employers care deeply about what employees eventually receive from their plan.
• D)All of the above are correct.
• E)Only A and B are correct.

Describe how individual needs influence workplace behavior and motivation.

Explain the role of feedback, goal setting, and achievements in motivating individuals.

Distinguish between hygiene factors and motivation factors in the context of Herzberg's two-factor theory.

Understand the concept of eustress and its significance in achieving positive work outcomes.

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Definitions:

Gender

A social construct that refers to the roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.

Respondents

Individuals or entities who provide answers or responses in a survey or study.

Two-sample Chi-square

A statistical test used to determine if there is a significant difference between the categorical distributions of two independent samples.

Goodness-of-fit Test

A statistical test used to determine how well observed data fit a specific distribution or model.