On Average, Completing a College Degree Adds Only About $50,000

question 46

True/False

On average, completing a college degree adds only about $50,000 to a person's lifetime earnings.

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Definitions:

Herzberg's

Refers to Herzberg's Two-Factor Theory, which postulates that certain factors cause job satisfaction while others cause dissatisfaction.

Job Context

Job context describes the working environment and conditions under which a job is performed, including factors such as tasks, responsibilities, and social and physical surroundings.

Job Satisfaction

The level of contentment or happiness an employee experiences with their job, including aspects such as work environment, roles, and relationships.

Frustration-Regression

A psychological phenomenon where individuals facing obstacles or frustration regress to earlier behaviors to cope.