Michel puts $17,500 into his 401(k) retirement plan each year. This type of retirement plan is a ______.

A. defined benefit
B. defined contribution
C. vesting
D. experience


B. defined contribution

Business

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A partnership has limited life

Indicate whether the statement is true or false

Business

Put-away refers to moving goods to their temporary or semi-permanent storage location and updating inventory records.

Answer the following statement true (T) or false (F)

Business

After a certain point, no further learning occurs, and each subsequent repetition or unit produced take the same amount of time, and the system has reached a steady state. This is illustrated by the ______ of the learning curve.

a. steep increase b. steep decrease c. flattening d. smoothing

Business

The Family Restaurant chain had a 12% return on a $60,000 investment in new ovens. The investment resulted in increased sales and an increase in income that was 3% of the increase in sales. The increase in sales was:

A. $15,000. B. $240,000. C. $180,000. D. $7,200.

Business