ERISA Binds an Employer to _____

question 34

Multiple Choice

ERISA binds an employer to _____.

• A) Arrange for employee life insurance,with the organization named as beneficiary
• B) Create a pension plan for each employee in the organization,including management
• C) Establish minimum standards for employee participation in a company retirement plan
• D) Guarantee that all employees are eligible for the same healthcare and vacation benefits

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Definitions:

Leverage

The use of borrowed funds to finance the purchase of assets or increase the potential return of an investment.

Management Effectiveness

A measure of how well a company's management team utilizes resources to generate profits.

Cost Conditions

The factors affecting the cost of production or providing services, including raw materials, labor, and overhead expenses.

EBIT

A financial metric that measures a firm's profit from its usual business operations, essentially its earnings before deducting interest and taxes.