Use the Following Two Columns of Items to Answer the Matching

question 77

Short Answer

Use the following two columns of items to answer the matching questions below:
-401(k) plan
A)a defined contribution plan for small firms (1-10 employees)
B)a defined contribution plan in which the employer contributes to employee retirement accounts based on a specified profit formula
C)a defined contribution plan that allows employees to contribute up to $18,500 per year in 2018 on a pre-tax basis
D)a retirement plan in which the employer contributes its own stock to the employee's retirement account

• A)a defined contribution plan for small firms (1-10 employees)
• B)a defined contribution plan in which the employer contributes to employee retirement accounts based on a specified profit formula
• C)a defined contribution plan that allows employees to contribute up to $18,500 per year in 2018 on a pre-tax basis
• D)a retirement plan in which the employer contributes its own stock to the employee's retirement account

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Definitions:

MRP

Material Requirements Planning (MRP) is a system for planning production, scheduling activities, and controlling inventory used in overseeing manufacturing operations.

MPP

Marginal Physical Product, the additional output resulting from the use of one more unit of a variable input, holding all other inputs constant.

MRP

Marginal Revenue Product; the additional revenue generated from employing one more unit of a resource or factor of production.

Substitution Effect

The change in demand for a good or service that occurs when its price increases or decreases, leading consumers to substitute it with other goods or services that are relatively more or less expensive.