Chad Was Interviewing for Jobs, and the HR Manager at One

question 101

Multiple Choice

Chad was interviewing for jobs, and the HR manager at one firm told him that the company pays the total health insurance costs for a family of four.As a single man, this benefit did not seem especially important to him right now.Here, Chad is low on the ______ element of the expectancy theory.

• A)valence
• B)instrumentality
• C)outcomes
• D)expectancy
• E)significance

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Definitions:

Income

Money received, especially on a regular basis, for work or through investments.

Deferred Annuity

An insurance contract that delays payments of income, installments or a lump sum until the investor elects to receive them.

Permanent Pension

A pension that is paid throughout the lifetime of the beneficiary, often until death.

Compounded Monthly

Interest calculation method where interest is added to the principal on a monthly basis, leading to interest on interest in subsequent months.