Explain the purposes of the Employee Retirement Income Security Act (ERISA) and the Retirement Equity Act.
What will be an ideal response?
Congress passed ERISA in 1974 in an effort to ensure the fair treatment of employees under pension plans. The law was designed to ensure the solvency of pension plans by restricting the types of investments that can be made with the plan's funds and providing general guidelines for fund management.
The overall impact of the Retirement Equity Act, which was passed in 1984, was to liberalize the eligibility requirements, vesting provisions, maternity/paternity leaves, and spouse survivor benefits of retirement plans.
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An advertiser that uses its Web site to attract consumers classified as Innovators, Achievers, and Experiencers most likely uses the ________ segmentation system?
A) BrandAsset Archetypes B) VALS2™ C) RISC D) PRIZM NE
Who gains more from trade when nations are of unequal economic size?
What will be an ideal response?
The cash balance on June 30 is projected to be $4500. The company has to maintain a minimum cash balance of $5,000 and is authorized to borrow at the end of each month to make up any shortfalls. It may borrow in increments of $5,000 and has to pay interest every month at an annual rate of 4%. All financing transactions are assumed to take place at the end of the month. The loan balance should be repaid in increments of $5,000 whenever there is surplus cash. Calculate the final projected cash balance at the end of September.
Malachi, Inc. has prepared its third quarter budget and provided the following data:
A) $21,584
B) $6584
C) $8367
D) $54,967
Which of the following statements is true with regard to the proportion of normally distributed data and number of standard deviations from the mean?
a. The percentage of data from the mean to one standard deviation to the left of the mean is 42%. b. The percentage of data from the mean to two standard deviations to the right of the mean is 68%. c. The percentage of data within three standard deviations (plus/minus) from the mean is about 99%. d. The percentage of data within one standard deviations (plus/minus) from the mean is about 95%.