Compared to 401(k)s and Individual Retirement Accounts (IRAs), Traditional Company

question 58

Multiple Choice

Compared to 401(k) s and Individual Retirement Accounts (IRAs) , traditional company pensions

• A) transfer more of the retirement costs directly to the individual employee.
• B) guarantee retirees a specific income based on salary and length of employment.
• C) are more likely to be tied to the stock market.
• D) vary their payments according to current interest rates.

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Definitions:

Commercial Impracticability

A doctrine in contract law allowing parties to be discharged from their obligations when unforeseen events greatly increase the difficulty of performance.

Frustration of Purpose

A legal doctrine allowing for the termination of a contract when an unforeseen event undermines the contract's core purpose, making its performance impossible or radically different.

Nondisclosure Agreements

Legal contracts that prohibit parties from sharing confidential information disclosed during the course of business engagements.

Sexual Harassment

An unwelcome behavior of a sexual nature that creates an intimidating, hostile, or offensive work environment.