Examlex
A(n)________ refers to a contract whereby the owner of software or a digital application grants limited rights to the owner of a computer or digital device to use the software or digital application for a limited period and under specified conditions.
Pension Plan
A retirement plan that requires an employer to make contributions into a pool of funds set aside for a worker's future benefit.
Annual Pension Benefit
The amount of money an individual receives annually from their retirement plan after retiring.
Variable Component
A cost or expense that changes in proportion to changes in a business’s activity level.
Payroll System
A system used by companies to organize, calculate, and process payments to employees for their services.
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