Which of the following is covered by the 1974 Employee Retirement Income Security Act?
A) base pay
B) flextime
C) benefits
D) incentives
E) downsizing
Answer: C
Explanation: C) ERISA sets rules for managing private pension plans, which are a form of employee benefits.
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There are three main ways to analyze financial statements. Which of the following does not represent one of these ways of analyzing financial statements?
A) horizontal analysis B) ratio analysis C) financial statement analysis D) vertical analysis
Lakshmi is confident that the price of gold is going to rise because the rate of inflation is increasing. To profit from her prediction, Lakshmi should
A) buy gold bullion today and then sell an equivalent amount of gold futures. B) buy a gold futures contract today. C) sell short a futures contract today. D) sell short one futures contract and offset it by buying an equivalent long futures contract.