Jane is offered a pension plan through her employer. The plan agrees that if she will deposit 6% of her salary to a retirement account, the employer will deposit a matching amount
When Jane retires, whatever money is in the account will belong to her. What is the proper name for this type of pension plan?
A) A vested pension plan
B) A defined contribution plan
C) A defined benefit plan
D) A tax-deferred savings plan (401(k))
B
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A company borrowed $28,000 by signing a 180-day promissory note at 6%. The total to be paid at maturity of the note is: (Use 360 days a year.)
A. $35,280.00 B. $33,740.00 C. $28,840.00 D. $34,860.00 E. $34,020.00
The term ________ refers to a defense that says a person who is injured by a defective product but has been negligent and is partially responsible for his or her own injuries cannot recover from the defendant.
A. comparative negligence B. contributory negligence C. assumption of the risk D. negligence per se
Management knowledge and practices continue to evolve because
A. change should not be anticipated nor implemented. B. time passes, and change occurs. C. demands for achieving greater innovation and lower cost are decreasing. D. global competition is lessening. E. business has become less global.
What is one way that organizations can increase their productivity?
A. Increase inputs B. Reduce human capital C. Reduce outputs D. Increase physical capital