Which of the Following Factors Is Considered While Calculating the Retirement

question 25

Multiple Choice

Which of the following factors is considered while calculating the retirement benefit levels under a defined benefit retirement plan?

• A) The state where the person was employed during the retirement year
• B) Number of dependents
• C) Employees' years of service, age, and earnings level
• D) Average earning during the last 20 years of employment
• E) Number of unused leaves at the end of the retirement year

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Definitions:

Theories of Motivation

A set of principles and concepts that explain what drives individuals to initiate, direct, and sustain behaviors and actions towards achieving goals.

Cultures

The shared values, beliefs, practices, and social norms that characterize a group of people or a society.

Power Distance

The extent to which less powerful members of institutions and organizations accept and expect that power is distributed unequally.

Goals

Targets or benchmarks that individuals or organizations aim to achieve, guiding their efforts and actions toward specific outcomes.