Which of the following statements is (are) true with respect to profit-sharing plans?
I. There is no limit on the amount that an employer can contribute annually to an employee's account under a profit sharing plan.
II. Profit sharing plans offer greater funding flexibility for employers than under other qualified plans.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: B
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A) Internal; internal B) External; internal C) Internal; external D) External; external
Which of the following is a shortcoming of advertising?
A) It does not allow dramatization of the brand or company. B) It only provides one-way communication with customers. C) It can be too customized and only attracts small, niche markets. D) It reaches targeted customers too slowly in most cases. E) It is the most costly promotion tool for companies.