Which qualified plan is characterized by having a non-deductible contribution and tax-free distributions?

Mario aspires to be the chief executive officer at his multinational firm within a few years. Mario is currently the head of marketing operations, and his education and experiences are limited to the marketing field. For an aspiring executive leader, it is mandatory to gain management experience in at least two different organizational functions. If Mario's goals are in line with his organizations goals, the organization should _____.

a. assign Mario to a cross-functional team b. retain Mario as the head of marketing operations c. consider sending Mario on an on-site project to a foreign country d. transfer Mario to the human resource management team

A mortgage company makes a number of new loans to be assembled and sold in the secondary market to investors, this is called:

A. Discounting B. Warehousing C. Package financing D. Blanket financing