Gordon and Lisa Estimate That They Will Need Approximately $1,300,000

question 42

Multiple Choice

Gordon and Lisa estimate that they will need approximately $1,300,000 in 40 years for their retirement years.If they can earn 8 percent annually on their funds,how much do they need to save annually?

• A)$2,000
• B)$3,000
• C)$4,000
• D)$5,000
• E)$10,000

Understand the different motivational theories, including those by McClelland, Herzberg, Skinner, Vroom, and Maslow.

Identify and differentiate between hygiene factors and motivating factors in Herzberg's two-factor theory.

Recognize the implications of reinforcement theory and the role of consequences in behavior modification.

Distinguish between intrinsic and extrinsic rewards and their impact on motivation.

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Definitions:

Stable External

Refers to external conditions or factors that remain consistent and unchanging over time, affecting individuals or environments in a predictable manner.

Internal Attribution

The process of explaining one's own behavior or the behavior of others by attributing causes to internal characteristics or dispositions.

Noncausal Attribution

The assignment of a cause to an event or behavior without evidence of a direct cause-and-effect relationship.

External Attribution

The process of attributing the cause of one's own or others' behavior to external factors or situations.