What are private pension plans? Briefly explain the two types of private pension plans.
What will be an ideal response?
Answers will vary. Private pension plans are prearranged plans that are administered by the organization that provides income to the employee at her or his retirement. Contributions to the retirement plan may come from either the employer or the employee, but in most cases they are supported by contributions from both parties.There are two basic types of private pension plans: defined benefits plans and defined contribution plans. Under defined benefits plans, the size of the benefit is precisely known and is usually based on a simple formula using input such as years of service and salary. This type of plan is often favored by unions and is closely monitored under the Employee Retirement Income Security Act of 1974. Under defined contribution plans, the size of the benefit depends on how much money is contributed to the plan. This money can be contributed by either the employer alone (noncontributory plans) or the employer and the employee (contributory plans). See 9-6: Nonmandated Benefits
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When evaluating the value chain, all of the following are included in the primary value activities except ________.
A. MIS development B. Service C. Inbound activities D. Operations
The physical environment of a store can strongly influence customer behaviors
Indicate whether the statement is true or false
Combination strategies, such as integrating overall low cost and differentiation, makes it easier for rivals to duplicate or imitate because it is harder for the primary firm to provide value.
Answer the following statement true (T) or false (F)
Kodak had evidently recognised the need for a transformational strategy by 1990. Since that time it has survived, but even its greatest supporters would surely not claim success. Explore the proposition that its transformation strategy was sound, but fundamentally compromised by incompetent implementation. Identify the key mistakes that it made.
What will be an ideal response?