What of the following is not a true statement regarding the Pension Benefit Guaranty Corporation (PBGC)?
a. The PBGC has a statutory lien against the sponsor for 100 percent of shortfalls in vested benefits.
b. The PBGC was created by ERISA as a national insurer of pension plans.
c. Vested benefits of participants are partially guaranteed by the PBGC if a plan is terminated.
d. The PBGC is empowered to collect premiums from plans to pay for guaranteed termination benefits.
ANSWER: A
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Contrast the accounting and reporting of Private-purpose Trust Funds and Permanent Funds.
What will be an ideal response?
What legislation did Congress pass in 1932, that prohibited federal court injunctions in nonviolent labor disputes, thereby declaring that workers should be permitted to organize unions and use their collective power to achieve legitimate economic ends?
A)The Wagner Act B)The Norris-LaGuardia Act C)The National Labor Relations Act D)The Labor-Management Relations Act
What is the type of knowledge that consists of anything that can be documented, archived, and codified, often with the help of a MIS department?
A. Explicit knowledge B. Tacit knowledge C. Virtual knowledge D. Pure knowledge
Which of the following observations concerning claims by general unsecured creditors is NOT true?
A. The amounts to be paid to them are usually stated as a percentage of the total claim. B. They often receive less than the full amount of their claim. C. They are entitled to "preference payments" at the discretion of the debtor's management. D. They are paid only after secured creditors and unsecured creditors with priority are satisfied to the extent of any legal limits.