Which of the Following Statements About Trust Fund Plans Is

question 27

Multiple Choice

Which of the following statements about trust fund plans is (are) true?
I.The trustee typically purchases annuities for retiring employees.
II.The trustee guarantees the adequacy of the fund to pay the promised benefits.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

Understand the principles and procedures related to supervising unethical employees and handling suspicions of unethical practices.

Identify the steps and considerations involved in dealing with conflicts and allegations among subordinates.

Recognize the significance and process of whistle-blowing in an organizational context.

Comprehend the objectives and strategies for achieving organizational sustainability.

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Definitions:

Profit

The financial gain achieved when the revenues obtained from business activities exceed the expenses, costs, and taxes associated with maintaining the activity.

Commodity

A primary item used in trading that is replaceable with other items of the same type.

Maximise

To increase to the greatest possible amount or degree.

Input

Resources or factors used in the production process to generate output, such as labor, capital, and materials.