If the Median Income for Someone with an Associate's Degree

question 22

Multiple Choice

If the median income for someone with an associate's degree is $9,100 higher annually than for someone with a high school degree,and the cost of schooling for the two years is $10,000 each year,at what point does the investment into the education break even?

• A) 1.9 years
• B) 2 years
• C) 2.1 years
• D) 2.2 years

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Definitions:

McGregor's Theory Y

A management theory proposing that employees are inherently motivated and can exercise self-direction and control when committed to organizational objectives.

Self-Actualization Needs

The highest level in Maslow's hierarchy of needs, representing the need for personal growth and fulfilling one's potential.

McGregor's Theory X

A management theory assuming that employees are naturally unmotivated and dislike work, leading managers to take a controlling approach.

Higher-Order Needs

Refers to psychological needs that are related to the self-actualization and personal growth of an individual, as highlighted in Maslow's hierarchy of needs.