Which of the Following Is True About the Employee Retirement

question 58

Multiple Choice

Which of the following is true about the Employee Retirement Income Security Act?

• A) It requires employees to contribute a fair share to any pension plans provided by their employer.
• B) It states which types of companies must provide pension plans to their employees.
• C) It sets required retirement ages for employees.
• D) It does not require employers to provide pension plans.

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Definitions:

Foreign Corrupt Practices Act

A U.S. law that prohibits companies and their individuals from bribing foreign officials to gain a business advantage.

Bribes

Payments or gifts given with the intention of influencing the actions of an individual in a position of power or authority.

Foreign Government Officials

Representatives or employees of a government from a country other than one's own, including diplomats, ministers, and other officials.

Legal System

The comprehensive framework of rules, regulations, practices, and institutions through which laws are created, interpreted, and enforced within a country or jurisdiction.