Dean Has Earned $70,000 Annually for the Past Five Years

question 58

Multiple Choice

Dean has earned $70,000 annually for the past five years working as an architect for MWC Inc. Under MWC's defined benefit plan (which uses a 7-year graded vesting schedule) employees earn a benefit equal to 3.5% of the average of their three highest annual salaries for every full year of service with MWC. Dean has worked for five full years for MWC and his vesting percentage is 60%. What is Dean's vested benefit (or annual retirement benefit he has earned so far) ?

• A) $12,250
• B) $42,000
• C) $7,350
• D) $0

Identify examples of how operant conditioning principles are applied in real-life scenarios.

Analyze the role of immediate and delayed reinforcers in influencing behavior.

Understand the concepts of positive punishment and negative punishment and their implications for behavior modification.

Differentiate between operant conditioning and other learning theories.

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Definitions:

Liabilities

Liabilities refer to the financial obligations or debts that an entity owes to others, which must be settled through the transfer of assets or providing services.

Revenue

The income generated from normal business operations, calculated as the total sales of goods or services.

Net Income

The total earnings of a company after deducting all expenses, taxes, and costs from its total revenue, indicating the financial health of a company.