Firms That Automatically Enroll Their Employees in Retirement Plans, Giving

question 10

Multiple Choice

Firms that automatically enroll their employees in retirement plans, giving them the option to opt-out instead of to opt-in, is an example of a form of behavioral economics known as

• A)the endowment effect.
• B)network externality.
• C)nudges.
• D)anchoring.

Understand the primary functions and structures of the brainstem.

Identify the techniques and projects used in neuroscience for brain analysis.

Recognize the key structures of the brain involved in movement coordination.

Understand the sensory roles and control mechanisms of the brain.

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Definitions:

Variances

Differences between expected and actual performance in areas like budget, costs, and schedule in financial and project management.

Fixed Manufacturing Overhead

Costs associated with manufacturing that do not change regardless of the level of production, such as salaries of supervisors and rent for the factory.

Budgeted Activity

The level of operation or volume of work planned for a period, used in budgeting and planning processes.

Fixed Overhead

Costs that do not vary with the level of production or sales, such as salaries and rent.