Which Statement Is NOT True

question 46

Multiple Choice

Which statement is NOT true?

• A) Contributions to 401(k) programs are tax deferred.
• B) Withdrawals from 401(k) programs made after the minimum age for withdrawals are tax-exempt.
• C) Withdrawals from 401(k) programs made before the minimum age for withdrawals are (with few exceptions) subject to a 10% early withdrawal penalty.
• D) 401(k) programs are offered by most private and public companies.

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Definitions:

Deculturation

The process through which an individual or group loses their native cultural identity, often through prolonged contact with another culture.

Strategic Benefits

Advantages gained from implementing long-term plans that align with an organization's overall goals and objectives.

Resource Allocation

The process of assigning and managing assets, funding, and other resources among various projects or business units to maximize efficiency and achieve strategic objectives.

Merger Integration

The process of combining and restructuring two or more companies into a single entity, focusing on aligning organizational culture, systems, and operations.