In TynsCorp's pension plan, the amount that an employee is to receive upon retirement is set in advance based on the employee's years of service, average earnings, and age at retirement. This is a
A. contributory plan.
B. noncontributory plan.
C. defined-benefit plan.
D. defined-contribution plan.
Answer: C
You might also like to view...
Assume that the net sales for a company is $5,000, cost of goods sold is $3,000, and average inventory is $1,500 . Calculate the number of days' sales in inventory
a. 145 b. 274 c. 110 d. 183
The central idea behind issues management is that public relations professionals must constantly be aware of ________
A) Wall Street's opinion of the company's financial performance B) issues that might destabilize their jobs within the organization C) media perceptions of performance in past crises D) the primary issues that impact their organizations
Which of the following is true regarding fraud claims?
a. they can be completely avoided by not saying anything b. they differ from breach of contract claims primarily in the degree of harm suffered by the plaintiff c. the false statement was made intentionally or with reckless disregard for the truth d. if injury occurs, it doesn't matter whether the false statement was made intentionally or unintentionally
In the context of business product categories, _____ include the farm and natural products used in producing other products.
A. accessory equipment B. raw materials C. specialty products D. unsought products