Answer:
according to Adam Smith, self-interest and competition act as motivator, guiding firms in a market-based economy
Explanation:
The amount of retirement income that employees would receive upon retirement is specified under a defined benefit plan (APERS). A defined contribution plan merely stipulates how much each party—the employer and the employee—puts into the retirement account of the employee.
<h3>What is the difference between defined benefit and defined contribution plan?</h3>
- For each participant in a defined-benefit pension plan, employers finance and guarantee a certain amount as retirement benefits.
- As the participant defers a percentage of their gross pay, defined-contribution plans are largely supported by the employee. Employers may decide to match the contributions up to a specific level.
- The responsibility of saving and investing for retirement has been put on employees as a result of the switch to defined-contribution plans.
- The 401(k) is the preferred defined-contribution plan (k).
- Companies have a consistent preference for defined-contribution plans over defined-benefit plans.
To learn more about defined benefit and defined contribution plan, refer to the following link:
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Answer:
The answer is B. delayed reinforcement.
Explanation:
As the name sugeests, delayed reinforcement refers to the time lapse bewteen an action and the expected reward. There are many examples of this behaviour in everday life: waiting for a paycheck every month, being on a diet and losing weight after a few weeks or getting a good grade at the end of the semester.
