The guarantee that when employees become participants in a pension plan and work a specified number of years, they will receive a pension at retirement age, regardless of whether they remained with the employer is referred to as _____.
A. special drawing rights
B. quid pro quo
C. laissez-faire
D. benchmarking
E. vesting rights
Answer: E. vesting rights
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It is important to perform a problem audit because ________
A) the DM knows the cause of the problem B) DMs tend to focus on symptoms rather than on causes C) the DM, in most cases, has only a vague idea of what the problem is D) both B and C are correct
A bank randomly looks at loan applications and checks them for errors. Ten applications and the number of errors identified on the applications are found in the following table
When the process is working correctly, the average number of errors found is 2. Construct a c-chart to determine if the process is in control. Application number Number of errors 1 3 2 0 3 1 4 0 5 3 6 2 7 4 8 4 9 1 10 1