Which of the Following Is Not a Characteristic of Employer-Sponsored

question 30

Multiple Choice

Which of the following is not a characteristic of employer-sponsored retirement plans?

• A) They help you save for retirement.
• B) There are generally two types of employer-sponsored retirement plans.
• C) They are part of a good benefits package.
• D) Employer-sponsored retirement plans are a good place from which to borrow.

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Definitions:

Computerized Record System

An electronic platform for storing, retrieving, and managing data and records efficiently.

SAP

An Enterprise Resource Planning (ERP) software developed by the German company SAP SE, which helps businesses manage business operations and customer relations.

PeopleSoft

A software company that provides human resource management systems, financial management solutions, supply chain management, and customer relationship management applications.

Executive Search Firms

Specialized recruitment agencies that focus on filling senior executive and other highly specialized positions for organizations.