The Guarantee That When Employees Become Participants in a Pension

question 95

Multiple Choice

The guarantee that when employees become participants in a pension plan and work a specified number of years,they will receive a pension at retirement age,regardless of whether they remained with the employer is referred to as _____.

• A) special drawing rights
• B) quid pro quo
• C) laissez-faire
• D) benchmarking
• E) vesting rights

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Definitions:

External Events

Occurrences outside an organization that might impact its operations, strategy, or performance, such as economic changes, natural disasters, or regulatory shifts.

McGregor's Theory Y

A management theory that suggests employees are inherently motivated and will fulfill their work and responsibilities without coercion if provided with the right conditions.

Lower-order Needs

Basic human necessities in Maslow's hierarchy of needs, such as physiological and safety needs, which are fundamental for survival and security.

High Need

Refers to a critical requirement or an urgent desire that motivates individuals' behaviors or actions towards its fulfillment.