If Your Employer Offers a Retirement Plan, That Should Be

question 65

True/False

If your employer offers a retirement plan, that should be the first plan that you consider because your employer will likely contribute to it.

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Definitions:

Fixed-Ratio

A schedule of reinforcement where a response is reinforced only after a specified number of responses have occurred.

Variable-Ratio

A reinforcement schedule where a response is reinforced after an unpredictable number of responses, promoting high and steady response rates.

Contingency

A future event or circumstance that is possible but cannot be predicted with certainty, often used in psychology to describe the relationship between behavior and its consequences.