Junior Ltd Employs Three Workers to Develop and Test Games

question 27

Multiple Choice

Junior Ltd employs three workers to develop and test games.The employees are currently earning $30 000 each and are expected to cease their employment in 20 years.At the end of their employment each employee is entitled to a lump sum payment equal to 10% of their final salary.Actuarial analysis suggests salaries will increase evenly at a rate of 5% per year over the 20 years.In 5 years' time,what total benefit will the three employees have accrued (rounded to the nearest dollar) ?

• A) $114 865
• B) $23 899
• C) $165 000
• D) $119 399

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Definitions:

Conscientiousness

A personality trait characterized by meticulousness, responsibility, and a structured approach to tasks, often associated with high levels of success and achievement in various domains.

Agreeableness

A personality trait characterized by warmth, kindness, and a cooperative disposition, often associated with higher levels of social harmony.

Introversion

A personality trait typified by a focus on internal feelings rather than external sources of stimulation, often associated with a preference for solitude or small group interactions.

Social Facilitation Theory

A theory that explains how the presence of others influences the performance of an individual, often leading to improvements in tasks they are good at.