In the Context of Destination Contracts,ex-Ship Specifies a Particular Ship

question 5

True/False

In the context of destination contracts,ex-ship specifies a particular ship on which the goods are to be placed but does not place the expense and risk on the seller.

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Definitions:

Pension Plan

A type of retirement plan typically sponsored by employers that provides monthly income to employees after they retire.

Defined-contribution Plans

Retirement plan wherein employees contribute a fixed amount or a percentage of their paychecks into an account that is intended to fund their retirements.

Maximum Contribution Limits

The highest amount that can be contributed to a retirement plan, savings account, or other tax-advantaged account in a given period without incurring penalties.

Qualified Pension Plan

A retirement plan that meets requirements set forth by the IRS, providing tax advantages such as tax-deferred growth on earnings and deductible contributions.