What Is Meant by Selective Incorporation? Discuss the History of This

question 13

Essay

What is meant by selective incorporation? Discuss the history of this process and its importance to the protection of individual rights.

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Definitions:

Defined Pension Plans

A retirement plan where an employer promises a specified pension payment upon retirement, based on the employee's earnings history, tenure of service, and age.

Deferred Profit-sharing Plans

Retirement plans where a portion of the company's profits is contributed to the employees' retirement savings accounts, typically vested over time.

Flexible Benefit Plans

Plans that allow employees to choose from a variety of benefits to tailor their benefits package to their personal needs and preferences.

Competitive Advantage

A condition or circumstance that puts a company in a favorable or superior business position compared to its competitors.