Which of the following statements applies to a voluntary termination?
a. The sponsor has a legal liability under ERISA for all accrued benefits.
b. The sponsor has a legal liability under ERISA for all vested benefits but not for unvested benefits.
c. The sponsor has a legal liability under ERISA only for PBGC-guaranteed benefits.
d. None of the above statements apply to a voluntary termination.
ANSWER: A
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Exhibit 11-2 Browning purchased a business copier for $4,500 on August 3, 2016. It has an estimated residual value of $500 and an expected service life of five years. Browning uses double-declining-balance depreciation computed to the nearest whole month. Refer to Exhibit 11-2. Depreciation expense for 2017 should be
A) $600 B) $667 C) $750 D) $1,500
Which of the following should be added to net income in calculating net cash flow from operating activities using the indirect method?
A) an increase in inventory B) a decrease in accounts payable C) preferred dividends declared and paid D) a decrease in accounts receivable
Which is a major limitation of exclusive distribution?
a. poor relations among channel members b. limited sales potential c. high price competition d. low levels of customer service
The basis of the Gap model of Service Quality is the ________.
A. improvisation of the face-to-face time between customer and service provider, often called the moment of truth B. recognition of suitable techniques for resource management to achieve better service quality C. elimination of gap between an organization's and its employees' perceptions of the customer experience D. examination of the differences between the objectives of management and employees E. identification and measurement of differences in five key areas of the service delivery process