JKL Company just converted its traditional defined-benefit plan to another type of plan
Under the plan, benefits are defined in terms of a hypothetical account balance, with retirement benefits dependent upon the value of the participant's account at retirement. Each year, employees receive an interest rate credit and a pay credit which is a specified percentage of compensation. This type of plan is called a
A) section 401(k) plan.
B) deposit-administration plan.
C) cash-balance plan.
D) trust fund plan.
Answer: C
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Lawrence is the manager of the product development department of a furniture manufacturing facility and has three expatriates working in Finland on his team. When it comes time for Lawrence to evaluate these expatriates, he will most likely rely on ________ because of the physical distance between himself and the expatriates.
a) a set of subjective criteria such as interpersonal skills b) hard data such as productivity c) the ability of the expatriate to work with local managers d) his own cross-cultural awareness
Identify the correct statement about marketing management
A) It is primarily concerned with the systematic gathering, recording, and analysis of data about issues related to marketing products and services. B) It focuses mostly on monitoring the profitability of a company's products and services. C) It focuses solely on attaining an organization's sales goals in an efficient manner. D) It is defined as the field that deals with planning and managing a business at the highest level of corporate hierarchy. E) It occurs when at least one party to a potential exchange thinks about the means of achieving desired responses from other parties.