Which of the Following Statements Is False

question 86

Multiple Choice

Which of the following statements is false?

• A)Payments for a life annuity can continue until death.
• B)Transfers between annuity companies are tax-free.
• C)Annuities are legitimate tax shelters.
• D)An annuity has no investment limit.
• E)Annuities provide opportunities for retirement income to grow.

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Definitions:

Child Labor

The employment of children in any work that deprives them of their childhood, interferes with their ability to attend regular school, and is mentally, physically, socially, or morally harmful.

Employment-At-Will Doctrine

A legal principle that allows employers to terminate employees at any time without reason, just as employees can leave at any time without reason, absent a contractual or statutory exception.

Retaliatory Discharge

The act of an employer firing an employee as a form of punishment for engaging in legally protected activities.

Discharge Without Cause

is the termination of employment without a specified reason, often subject to legal and ethical considerations.