An Organization That Received Contributions from Employees And/or Their Employers

question 44

Multiple Choice

An organization that received contributions from employees and/or their employers and invests the proceeds on behalf of the employees for use during their retirement years is called a(n)

• A) mutual fund.
• B) savings bank.
• C) pension fund.
• D) retirement fund.

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Definitions:

Micro-Business

A small business typically characterized by having fewer than 10 employees, often operating with a low capital investment and in a localized market.

HR Related Tasks

Activities and responsibilities associated with the human resources department, including recruitment, compensation, performance evaluations, and employee relations.

Future Orientation

The extent to which individuals or organizations focus on and prepare for future events and possibilities, often associated with long-term success and planning.

Two-Language Nation

Refers to countries with two official languages recognised by the government and used in official documents, demonstrating a commitment to linguistic diversity.