Which One of the Following Is Not True of the Employee

question 40

Multiple Choice

Which one of the following is not true of the Employee Retirement Income Security Act (ERISA) ?

• A)It sets the minimum standards and requirements that the pension plan must meet.
• B)It seeks to ensure that all employees covered by pension plans receive the benefits due them under the plans.
• C)It does not apply to employee benefit plans that are established by federal, state, or local government employers.
• D)It requires an employer to provide a pension plan for its employees.

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Definitions:

Repurchasing

The act of a company buying back its own shares from shareholders, reducing the amount of stock available on the open market.

Statement of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows and outflows a company receives from its operating, investing, and financing activities.

Operating Activities

Activities that relate to the core operations of a company, including production, sales, and delivery of the company's products and services.

Investing Activities

Financial transactions related to acquiring or disposing of long-term assets and investments, often reflected in the cash flow statement.