Which of the following statements about the protection provided by the Pension Benefit Guaranty Corporation is (are) true? I. Only defined benefit plans are insured. II. Only benefits that are not yet vested are guaranteed

A) I only
B) II only
C) both I and II
D) neither I nor II


Answer: A

Business

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The VALS framework segments consumers is based on

A. their product usage, age, and gender. B. where they live. C. their demographics. D. their media usage and their demographics. E. their primary motivation for buying products and their resources.

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Have you ever been to Georgetown to visit your brother?

A) you; been B) you; have C) you; have been D) you; have ever been

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Which of the following is not an example of a new organizational form?

a. Al-Qaeda b. Virgin c. Postmodern Organization d. Adhocracy

Business

On June 12, Candy Suppliers sells $5,000 of goods on account to a credit customer with credit terms 1/10, n/30. Assume the sale is not subject to tax. On June 15, the customer returned $500 of the goods due to defect. Assume the customer pays within the discount period, select the correct entry to record the receipt of the customer's payment:

A.

     
Cash 4,950  
Sales Discounts 50  
Accounts Receivable   5,000


B.
     
Accounts Receivable 4,500  
Sales Discounts 50  
Cash   4,550


C.
     
Cash 5,000  
Accounts Receivable   5,000


D.
     
Cash 4,455  
Sales Discounts 45  
Accounts Receivable   4,500


Business