Answer the following statements true (T) or false (F)
Benefits in a defined benefit plan may be based on either career average or final average salary.
ANSWER: T
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When a company declares a 3-for-1 stock split, the number of outstanding shares
a. is tripled compared to the number of shares that were outstanding prior to the split. b. stays the same, but, the number of issued shares triples. c. is tripled, while the number of issued shares is reduced to one-third of the original issued shares. d. is reduced, and the number of issued shares is tripled.
Under the stakeholder interest theory of the social responsibility of business, a business has
obligations to both shareholders and employees, but not to others. Indicate whether the statement is true or false
An insurer can deny coverage even for innocent misrepresentations on the application
Indicate whether the statement is true or false
Define what is meant by quality of work life, and list some aspects of successful quality of work life programs.
What will be an ideal response?