Answer:
The correct answer is defined contribution plan.
Explanation:
The defined contribution plan is a pension plan in which the company agrees to make monetary contributions each year for the benefit of the employee.
Generally, in a defined contribution plan the employee has the right over the invested assets and is free to withdraw the accumulated funds if his retirement occurs prematurely. For this reason, the defined contribution plans are said to have portability, that is, if the employee ends his employment relationship with the company, he can transfer his funds to his new company's pension plan or to a private pension plan.
Upon retirement, the employee can access the accumulated funds, but unlike in the defined benefit plans, no amount is guaranteed. The investment risk is assumed entirely by the employee.
For example, the company can contribute 1% of salary to a pension fund every month. The employee can also contribute part of his salary to this plan.
If you work after high school, you will be giving up your college education as well as an extra $400,000 over your lifetime. If you go to college, you will miss the work experience after high school, as well as extra money in your pocket early on.
Answer: Cultural integrator
Explanation: A cultural integrator is a person very conversant the culture of a particular society, community,business environment and organization employed to advice management of a firm on how to act,carry out activities or implement it's plans and program in a particular locality, this to ensure the firm obeys and work Accord to the laws of the local culture which will eventually lead to harmonious coexistence between the firm and it's environment.
Answer:
B. Biological approach.
Explanation:
Biological approach to job design involves focuses on the ergonomics in the workplace. It is aimed at reducing physical ailments, injuries strain and other physical problems on workers by making the work environment more conducive for the required work. It is concerned with the physical factors of the job and how it affects the workers. The approach is mainly derived from the study of body movements (biomechanics) and how certain position, movements can cause physical strain and injuries on the body.
Answer:
(1) The price Elasticity of demand for Dormintory space will less than one.
(2) The room rates will increase following the increase in demand.
Explanation: The price Elasticity of demand is a term used in Economics to describe the change in Quantity demanded at the slightest change in price of the product or services rendered. FOR A NECESSARY AND ESSENTIAL GOODS AND SERVICES WITH NO CLOSE SUBSTITUTES LIKE THE DORMITORY SPACES THE PRICE ELASTICITY OF DEMAND WILL BE LESS THAN ONE.
THIS MEANS THAT A CHANGE IN PRICE WILL HAVE LITTLE OR NO EFFECT ON THE DEMAND.
One of the conditions necessary for a change in price is a change in demand, as the demand for a product or service increases, it will lead to a corresponding increase in the price of the product or service especially when the supply for the product or sevice is constant.
