Small business owners have a number of retirement plans available to them. One type of plan is limited to employers with 100 or fewer eligible employees

Under this type of plan, small employers are exempt from most of the nondiscrimination and administrative rules that apply to qualified plans. Such plans are called
A) Keogh plans.
B) SIMPLE retirement plans.
C) cash balance plans.
D) profit sharing plans.


Answer: B

Business

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According to Milton Friedman, the social obligation of a corporation is to return as much money as possible to its shareholders

Indicate whether the statement is true or false

Business

A guaranty of payment creates a(n): A) contract of surety

B) contract of credit. C) letter of credit. D) absolute guaranty.

Business

The Charade Corporation is preparing its Manufacturing Overhead budget for the fourth quarter of the year. The budgeted variable manufacturing overhead is $5.00 per direct labor-hour; the budgeted fixed manufacturing overhead is $75,000 per month, of which $15,000 is factory depreciation.If the budgeted direct labor time for December is 8,000 hours, then average budgeted manufacturing overhead per direct labor-hour is closest to:

A. $12.50 per direct labor-hour B. $14.38 per direct labor-hour C. $9.38 per direct labor-hour D. $16.25 per direct labor-hour

Business

Efficiency MIS metrics include throughput, speed, and availability.

Answer the following statement true (T) or false (F)

Business