Which of the following statements concerning nonqualified deferred compensation plans is true?
A. Distributions are taxed at the same tax rate as long-term capital gains.
B. These plans can be an important tax planning tool for employers if they expect their marginal tax rate to decrease over time.
C. If an employer doesn't have the funds to pay the employee, the employee becomes an unsecured creditor of the employer.
D. These plans can be an important tax planning tool for employees who expect their marginal tax rate to increase over time.
Answer: C
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The primary reason large U.S. companies send U.S. jobs abroad is because labor costs are higher in the United States. Such companies are said to be engaging in _____
a. employee export b. outsourcing c. inshoring d. joint ventures
Which of the following is true about competencies?
A. They focus on average performance rather than optimum performance. B. They fail to provide a common basis for working together. C. They discourage employees from assuming leadership roles. D. They tend to be unfair to the employees by justifying pay differences based on inferred proficiencies. E. They make people lose their focus.
Three commonly used productivity variables are:
A) quality, external elements, and precise units of measure. B) labor, capital, and management. C) technology, raw materials, and labor. D) education, diet, and social overhead. E) quality, efficiency, and low cost.
Which of the following is NOT a franchise operation?
A. H& R Block (tax work) B. 7-Eleven (convenience store) C. Subway (food) D. Kinko's (copy center) E. All of these are franchise operations.