The Most Important Thing to Note About an Annuity Is

question 45

Multiple Choice

The most important thing to note about an annuity is

• A)that the payment must not change over time.
• B)that the payment increases according to the discount rate.
• C)it reflects the growth of a single lump sum.
• D)that it reflects the power of simple interest.

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Definitions:

Abraham Maslow

An American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

Clayton Alderfer

An American psychologist known for developing the ERG theory, which categorizes human needs into existence, relatedness, and growth categories.

David McClelland

A psychologist known for developing the theory of needs, which includes the needs for achievement, power, and affiliation, influencing the understanding of motivation.

Frederick Herzberg

An American psychologist best known for introducing job enrichment and the Motivator-Hygiene theory, also known as the Two-Factor Theory of motivation.