A ________ is a contractual agreement between an employer and its employees for the employer to provide benefits (payments) to employees after they retire.

Fill in the blank(s) with the appropriate word(s).


pension plan

Business

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Mass merchandisers are usually high-markup, lower-volume stores

Indicate whether the statement is true or false

Business

According to the text, a survey discloses that 31 percent of the respondents preferred the client's brand, while 30.8 percent preferred the closest competing brand

In such a case, it is perfectly fine to announce that the client's brand is the dominant brand. Such a situation would be ________. A) acceptable based on the facts of the survey B) acceptable if only the client was told this C) impossible to weigh in with a moral judgment based on these details D) unacceptable if only the client was told this E) unacceptable because it is misleading. The brands have virtual parity.

Business

CompuFix services desktop and laptop computers. The owner of CompuFix is concerned that computers that are left with the business to be repaired may be damaged or destroyed. To address this risk, CompuFix should purchase

A) mobile equipment and property insurance. B) coverage for property held by bailees. C) coverage for property of dealers—a "block" policy. D) equipment breakdown insurance.

Business

What is the yield to maturity of a corporate bond with 13 years to maturity, a coupon rate of 8% per

year, a $1,000 par value, and a current market price of $1,250? Assume semiannual coupon payments. A) 6.0% B) 4.2% C) 5.3% D) 4.7%

Business