The Federal Reserve Board is an example of an economic planner
Indicate whether the statement is true or false
T
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Which of the following statements is true regarding a defined contribution pension plan?
A) The pension benefits to be received by the employee during retirement are defined in the plan. B) Defined contribution plans have the more complex accounting issues than defined benefit plans. C) Defined contribution plans do not define the benefits that the pension plan must pay to retired employees. D) Employers that use defined contribution plans are assuming more risks than employers that use defined benefit plans.
Which internal control is not an important part of the payroll system?
a. Supervisors verify the accuracy of employee time cards. b. Paychecks are distributed by an independent paymaster. c. Accounts payable verifies the accuracy of the payroll register before transferring payroll funds to the general checking accounting. d. General ledger reconciles the labor distribution summary and the payroll disbursement voucher.
In the context of identifying competitors' strategies, the more that one firm's strategy resembles another firm's strategy, the more likely the two firms are to ________
A) merge B) compete C) globalize D) form a partnership E) become market leaders
In strict liability, if a company sells a beverage in a can that has sharp edges and injures several consumers, it will be held liable even if it didn't know about the problem.
Answer the following statement true (T) or false (F)