Which of the Following Is a Typical Factor Used to Determine

question 14

Multiple Choice

Which of the following is a typical factor used to determine 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) Age
• 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:

Employee Turnover

The rate at which employees leave a company and are replaced by new employees, often used as a measure of organizational stability or satisfaction.

Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment.

Scientific Management

A management theory that analyzes and synthesizes workflows, aiming to improve economic efficiency and labor productivity.

Hawthorne Works

A factory complex where a series of studies were conducted, highlighting the impact of work conditions on employee productivity, famously known as the Hawthorne effect.