As mentioned in the text, George Washington University offers a vesting plan in which the employer puts a set amount of money into retirement accounts for employees, even if the employee does not. This type of pension plan is called__________________.
A. noncontributory
B. defined benefit
C. contributory
D. defined contribution
Ans: A. noncontributory
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The sorting process enables manufacturers to _____
a. increase their power in the channel of distribution b. specialize in one item or product line c. fulfill government grading requirements d. limit product distribution to the most profitable geographic areas
If an employee is selected at random, what is the probability that the employee is female or works as a member of the administration?
Employees of a local company are classified according to gender and job type. The following table summarizes the number of people in each job category. Male (M) Female (F) Job Administrative (AD) 110 10 Salaried staff (SS) 30 50 Hourly staff (HS) 60 40 A) .17 B) .67 C) .70 D) .73