Which of the following statements regarding deferred compensation plans is NOT correct?
A) The employee may convert the funds to another plan if he leaves the company.
B) The death benefit proceeds from the plan are paid to the employee's beneficiary.
C) The funds are taxable at retirement.
D) The business pays the premiums on a life insurance policy owned by the employer."
Ans: A) The employee may convert the funds to another plan if he leaves the company.
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A few states have dual automobile insurance systems. A motorist can pay a higher premium and retain the right to sue under the tort system, or pay a lower premium and be covered under the state's no-fault law. This dual system is called a
A) pure no-fault plan. B) modified no-fault plan. C) "no pay, no play" law. D) choice no-fault plan.
Which of the following is a typical characteristic of a boundaryless organization?
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