The type of pension plan that offers all employees the same, steady annual credit toward an eventual pension is a(n):
A. profit-sharing plan.
B. equity-purchase plan.
C. cash-balance plan.
D. defined-benefit plan.
Answer: C
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A voluntary association of two or more people acting as co-owners of a business is known as a
A. partnership. B. corporation. C. sole proprietorship. D. conglomerate. E. syndicate.
Efficiency is defined as the ratio of outputs to inputs.
Answer the following statement true (T) or false (F)
When identifying people to work on the project, it is helpful to consider their professional disciplines, skill levels and their physical location
Indicate whether the statement is true or false
L.L. Bean and Lands' End are examples of businesses that sell products through catalogs and bypass intermediaries. This method of selling is called ________
A) direct selling B) direct marketing C) convenient shopping D) multilevel marketing E) telemarketing