Evan Is the Human Resource Manager of a One-Year-Old Technology

question 2

Multiple Choice

Evan is the human resource manager of a one-year-old technology company. The founder wants him to set up a retirement plan. Evan thinks the best approach during the company's early years would be a defined-contribution plan funded with profit-sharing dollars. Which statement best supports Evan's idea?

• A) The plan makes employees part-owners of the company.
• B) The Pension Benefit Guarantee Corporation will guarantee a basic benefit.
• C) Employees can buy an annuity with the contributions when they retire.
• D) The amount employees contribute is not taxed when they contribute it.
• E) Contributing a share of profits gives the company more flexibility as it establishes itself.

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Definitions:

Grade Point Average

A numerical calculation representing the average value of the accumulated final grades earned in courses over time.

Letter Grade

A system of evaluating or grading academic performance using letters (A, B, C, etc.).

Course Credits

Units that represent a measure of the educational workload involved in completing a course, which can contribute towards a qualification or degree.

GST Returns

A tax form that businesses must fill out to report the income collected through Goods and Services Tax (GST).