What are cash balance plans?
What will be an ideal response?
Cash balance plans are defined benefit plans that look like a defined contribution plan. Employees have a hypothetical account (like a 401[k]) into which is deposited what is typically a percentage of annual compensation. The dollar amount grows both from contributions by the employer and from some predetermined interest rate.
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Which method assigns the same cost to all units whether sold or left in ending inventory?
a. FIFO b. LIFO c. Weighted average cost d. Specific identification
Knowing the unit cost per item helps managers set appropriate selling prices
Indicate whether the statement is true or false
The Hippocratic Oath that all physicians take states that the physician will never deliberately harm anyone for anyone else's interest and to avoid attempting to do things that other specialists can do better. This oath is an example of how _____ influences social control.
A. an active civil society B. laws C. formal and informal organizations D. the media E. self-regulation
Discount stores:
A. compete on the basis of low prices, high turnover, and high volume B. offer more SKUs than department stores C. sell high-priced, low-turnover products D. provide their customers with full service E. compete on the basis of assortment and depth