Which of the following statements does not apply to a multiemployer pension plan?
a. It is subject to collective bargaining agreements.
b. Two are more employers are plan sponsors.
c. There are no regulatory differences between these plans and single-employer plans.
d. One employer can contribute no more than 50 percent of initial contributions.
ANSWER: C
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Par value of a stock refers to the:
A. Issue price of the stock. B. Dividend value of the stock. C. Market value of the stock on the date of the financial statements. D. Value assigned per share by the corporate charter. E. Maximum selling price of the stock.
The entry to close the dividends account is
A) debit Retained Earnings and credit Dividends. B) debit Dividends and credit Retained Earnings. C) debit Income Summary and credit Dividends. D) debit Dividends and credit Income Summary.
This question has two parts; be sure to answer both. First, define total quality management and explain its four components. Next, imagine you work as a manager for a company that builds and sells expensive, upscale men's watches. Explain how you would implement a TQM approach at your company.
What will be an ideal response?
With the advent of ______-generated graphics, technology is helping transform ordinary presentations into extraordinary speechmaking events.
a. television b. computer c. media d. mechanics