Which of the Following Is True of the Employee Retirement

question 17

Multiple Choice

Which of the following is true of the Employee Retirement Income Security Act (ERISA) ?

• A)it requires employers to provide pensions for most of their employees
• B)it is superseded by state laws that relate to employee benefit plans
• C)it does not apply to benefit plans administered by public employers
• D)it requires that once a plan is in place, it can not be changed or modified without the employees consent
• E)all of the above

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Definitions:

Markup Percent

The percentage increase over the cost price of a product to calculate the selling price.

Selling Price

The actual price at which a product or service is sold to the customer.

Camping Equipment

Gear or tools specifically designed for use while camping, including tents, sleeping bags, and portable cooking devices.

Portable Gas Stove

A compact and transportable cooking device that uses gas fuel for outdoor or emergency cooking.