A fund that exists when a government is the trustee for a defined benefit pension plan, or a defined contribution pension plan is a(n):

A. Pension Trust Fund.
B. Agency fund.
C. Investment Trust Fund.
D. Private-Purpose Trust Fund.


Answer: A

Business

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Souped Inc., a firm that manufactures ready-to-eat soups, offers incentives based on an employee's performance rating and the employee's compa-ratio. Which payment plan is exemplified in this scenario?

A. standard hour plan B. differential plan C. piecework plan D. skill-based plan E. merit pay

Business

Review the conversion process BPMN activity diagram presented below. In the diagram, the symbol indicates which of the following?

A. Collapsed subprocess. B. Gateway. C. Exception event. D. Activity loop.

Business

Frankin Corporation has provided the following data concerning last month's operations.   Purchases of raw materials$26,000Indirect materials included in manufacturing overhead$6,000Direct labor cost$58,000Manufacturing overhead applied to Work in Process$97,000  BeginningEndingRaw materials inventory$11,000 $17,000 Work in process inventory$52,000 $66,000  How much is the cost of goods manufactured for the month on the Schedule of Cost of Goods Manufactured?

A. $221,000 B. $155,000 C. $169,000 D. $175,000

Business

While they do not directly involve a store facility, Web transactions, mail-order sales, direct selling, and vending machine sales are components of retailing

Indicate whether the statement is true or false

Business