A 401(k) plan is a tax-deferred retirement savings plan in which employees of private corporations may contribute a portion of their wages up to a maximum amount set by law

Indicate whether this statement is true or false.

Answer: TRUE

Business

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LZT is a cell phone manufacturer that designs its phones based on customer input. Once a new model is launched, the company monitors customer feedback and uses negative reviews to improve the next model

LZT also handles customer queries at length, and customer service is considered to be the most important function in the company. Is LZT more likely to use a traditional or modern company organization?

Business

If a firm is unable to keep its national markets separate, individuals or businesses may undercut its attempt at price discrimination by engaging in:

A. speculation. B. arbitrage. C. dumping. D. predatory pricing. E. forecasting.

Business