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• B)it is superseded by state laws that relate to employee benefit plans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:

Expected Activity

The projected level of activity or volume of work anticipated for a certain period, often used for planning and budgeting purposes.

Activity Rate

A measure used in activity-based costing to assign costs to activities based on their use of resources.

Batch Setup

The process of preparing equipment and machinery for a specific batch of production, including configuration and adjustments.