The Social Security system is funded by payments from
a. employees.
b. employers.
c. both employers and employees.
d. the federal government.
C
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Will works at TruTech. When a position opened up in his department, he suggested Steve, who is a member of several clubs to which Will belongs. Will and Steve have a lot in common, and Will thinks Steve would be easy to work with. This is an illustration of which stage of the ASA model of inbreeding?
A. Attraction B. Appraisal C. Attrition D. Selection
In a sole proprietorship, any debts the company incurs are:
A. taxed only if the owner has not taken a loan. B. treated as the owner's personal income. C. considered to be the owner's personal liabilities. D. used to purchase preferred stocks of the company.
Fact Pattern 26-1BJake is the maker of a $2,000 promissory note payable to Kim. Kim indorses the note to Lyron who, in turn, indorses it to Mona, who then indorses it to Neville, the present holder.Refer to Fact Pattern 26-1B. Suppose that Mona pays Neville on the note. With timely notice to the proper parties, Mona may collect payment on the note from
A. Jake, Kim, or Lyron. B. Jake or Kim only. C. Lyron only. D. no one.
A family of mutual funds is
A) a group of funds all of which have the same objective. B) a number of funds with different objectives operated by one investment company. C) an arrangement whereby a number of competing investment companies pool their resources. D) quite rare in the mutual fund industry.