Leroy has a formal retirement plan based on his final years' average salary and years of service at Royce Pharmaceuticals. Which type of plan does Leroy most likely have?
A) defined contribution
B) defined benefit
C) cash balance
D) 401(k)
Question 2Retirement plans that qualify for preferential tax treatment are referred to as ________.
A) tax exempt plans
B) qualified plans
C) tax efficient plans
D) nonqualified plans
Question 3Which type of plan balances the risk an employee takes while saving for retirement?
A) defined benefit plan
B) cash balance plan
C) pension equity plan
D) defined contribution plan
Question 4Maura's retirement plan requires her employer to make specific contributions to a retirement fund established for Maura. Which type of plan does Maura most likely have?
A) defined contribution plan
B) deferred contribution plan
C) defined benefit plan
D) deferred salary plan
Question 5With reference to decision making, which of the following does satisficing involve?
A) weighing each criteria before making a decision
B) seeking solutions that are satisfactory and sufficient
C) scrutinizing and evaluating each alternative in detail
D) selecting the best option with the highest utility
E) finding optimal solutions to problems
Question 6What is a consumer-driven health care plan? How do they benefit employers?
What will be an ideal response?
Question 7________ is an unconscious process created from distilled experience.
A) Process consultation
B) Action research
C) Intuitive decision making
D) Active selection
E) Emotional intelligence
Question 8Which of the following was a characteristic of the organization of the early church as portrayed in the New Testament?
A) decentralized decision-making
B) a closed system
C) a localized reach
D) a top-down hierarchy
E) an autocratic decision-making style
Quick Reply
