Which of the following is a typical factor used to determine retirement benefit levels under a defined benefit retirement plan?
A. The state where the person was employed during the retirement year
B. Number of dependents
C. Age
D. Average earning during the last 20 years of employment
E. Number of unused leaves at the end of the retirement year
Answer: C. Age
Business
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Which financial statement measures the financial performance of an organization over a specified time period, usually a year?
A. Statement of cash flows B. Income statement C. Balance sheet D. Financial ledger
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During the right-to-cure period, the borrower must pay off the entire principal owed.
a. true b. false
Business