An employee who retains earned pension benefits after leaving a job has a pension plan that is
A) whole life.
B) guaranteed.
C) vested.
D) funded.
C
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The "broken window fallacy"
a. explains why inflation is so high. b. is a justification for the government to print more money. c. is illustrated when a government program is justified not on its merits but on the number of jobs it will create. d. has nothing to do with public policy.
The nominal exchange rate is the:
A. market on which currencies of various nations are traded for one another. B. quantity of foreign currency assets held by a government for the purpose of purchasing the domestic currency in the foreign exchange market. C. rate at which two currencies can be traded for each other. D. price of the average domestic good or service relative to the price of the average foreign good or service, when prices are expressed in terms of a common currency.
Some employers allow new employees to delay their investment in a retirement account for a year or two. This approach puts the cost of saving for retirement in the ________ and the benefit of saving in the ________.
A. present; present B. present; future C. future; present D. future; future
Output in a Cournot duopoly is at a level between that in perfect competition and monopolistic competition.
Answer the following statement true (T) or false (F)