All of the following are characteristic of 401(k) plans EXCEPT ________
A) categorized as a defined contribution plan
B) deduction replaces Social Security tax
C) pretax salary deductions invested
D) considered a savings and thrift plan
Answer: B
Business
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Consider a single-server queuing system with Poisson arrivals of 10 units per hour and a constant service time of 2 minutes per unit. How long will the customer waiting time be in seconds, on average?
What will be an ideal response?
Business
________ float occurs when there is a delay between when a firm issues a check and when the funds are removed from the checking account balance
A) Net B) Book balance C) Disbursement D) Collection E) Electronic funds transfer (EFT)
Business