Statements concerning cash-balance pension plans

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Reference no: EM132275932

1. Which of the following statements concerning cash-balance pension plans is (are) correct?

(1) Such plans are costly to administer because of the actuarial computations that must be made and respected.

(2) Such plans are more favorable for an older employee than a conventional defined-benefit plan.

a. (1) only

b. (2) only

c. Both (1) and (2)

d. Neither (1) nor (2)

2. The primary difference(s) between a project and a process is:

a. Processes are meant to be repeated whereas projects are one off set of activities

b. Processes are meant to be one off whereas projects are often repeated

c. Projects are meant to be customized whereas processes are never customized

d. Processes are meant to be customized whereas projects are typically standard work

3. Which of the following NOT a reason firms are expanding their supply bases to include foreign suppliers?

a. Lower shipping rates due to lower tariffs

b. Lower product cost

c. Better product quality

d. Overseas supplier holding the patent to the product

4. Which of the following is an advantage of a centralized purchasing department?

a. Closer contact between buyer and user

b. Specialization

c. Less bureaucracy

d. More frequent shipments

5. Blanket or open-end purchase orders are suitable for buying

a. Heavy equipment

b. Office supplies

c. Custom built components

d. Computers

6. Which of the following types of plans allow employees to treat their contributions as Roth contributions?

a. ESOPs

b. Profit-sharing plans

c. Thrift Plans

d. 401k Plans

Reference no: EM132275932

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