Fte Following Statements on Vesting Are All True, Except

question 20

Multiple Choice

fte following statements on vesting are all true, except:

• A) Vesting means that the employee has a present nonforfeitable right to enjoy a future benefit.
• B) Employees are immediately vested in their own contributions.
• C) Once a pension plan is 100 percent vested, the account balance will be paid to a named beneficiary if the employee dies prior to normal retirement.
• D) Normally, if an employee who is fully vested in a pension plan leaves employment for any reason, he receives no benefits until normal retirement, perhaps decades later.

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Definitions:

Organizational Culture

The shared values, beliefs, and norms that influence the way individuals within an organization interact with each other and with stakeholders.

Political Behavior

Actions taken within an organization to acquire, develop, and use power and other resources to obtain one's preferred outcomes in a situation where there is uncertainty or disagreement.

Political Performance

Refers to the strategies and behaviors employees or leaders use to gain power, influence decisions, and achieve objectives within an organization.

Goals And Standards

Refer to the objectives and benchmarks set by an organization or individual to gauge performance or progress.