Portability Makes It Easier for Employees Who Leave a Firm

question 101

Multiple Choice

Portability makes it easier for employees who leave a firm prior to retirement to ________.

• A) switch to defined contribution pension plans
• B) take their pension funds with them
• C) designate a new pension beneficiary
• D) invest their pensions in 401(k) plans

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Definitions:

Maintain More Than One Supply Source

The strategy of sourcing materials or products from multiple suppliers to reduce dependency on a single source.

Competitive Bidding

a procurement process where multiple suppliers submit offers, or bids, to win a contract to supply goods or services, often promoting fair pricing and quality.

Own Transportation Vehicles

pertains to businesses or individuals possessing and utilizing their own vehicles for transportation needs instead of relying on external services.

Production Manager

A professional responsible for overseeing the production process of a company, ensuring efficient operations and meeting production targets.