Which of the Following Terms Refers to the Ownership Employees

question 7

Multiple Choice

Which of the following terms refers to the ownership employees build up in their pension plans should their employment with a firm end prior to retirement?

• A)portability
• B)equity
• C)vesting
• D)shares

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Definitions:

Credit Counseling

A service provided to individuals to help them manage their debt, improve their financial situation, and offer advice on budgeting and credit management.

Debt Payments

Monetary amounts paid at regular intervals to reduce or settle a debt.

Bankruptcy Proceedings

The judicial procedure that allows people or organizations that are unable to pay their debts to obtain relief from part or all of their financial obligations.

Farmer

An individual engaged in agriculture, raising living organisms for food or raw materials.