Which of the following statements about retirement benefits under pension plans is true?
A) Under a flat percentage of annual earnings defined benefit formula, each employee receives the same dollar benefit.
B) A benefit using final pay is usually based on an employee's earnings during the last month of plan participation.
C) A unit-benefit formula considers both earnings and years of service.
D) Past service benefits are the result of bonuses and overtime pay during the period an employee participated in the plan.
Answer: C
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A firm's current ratio has steadily increased over the past 5 years, from 1.9 to 3.8. What would a financial analyst probably conclude from this information?
A. The firm's fixed assets turnover has improved. B. The firm's liquidity position has improved. C. The firm's stock price has increased. D. The firm's financial leverage has improved. E. The firm's market value has decreased.
Compensatory damages compensate a party injured by a breach of contract by punishing the party that breached the contract
Indicate whether the statement is true or false
Yahoo! Finance is
A) a television station dedicated to financial news reporting. B) the student edition of the Wall Street Journal. C) a feature on the PBS program, The Nightly News. D) an Internet site that provides financial information.
When surveyed, expatriates consistently list which two items as motivators for accepting an international assignment?
A. Job stability and social networking B. Business challenge and leisure travel C. Technical knowledge and cultural appreciation D. Career advancement and financial gain