Which Act Was Enacted to Protect the Interests of Employee-Benefit-Plan

question 23

Multiple Choice

Which act was enacted to protect the interests of employee-benefit-plan participants and their beneficiaries by requiring the disclosure to them of financial and other information concerning the plan?

• A) Employee Retirement Income Security Act
• B) Health Insurance Portability and Accountability Act
• C) Consolidated Omnibus Budget Reconciliation Act
• D) Family and Medical Leave Act

Recognize the start and control mechanisms of inventory management.

Understand the role of inventory controls in the accounting and financial reporting process.

Distinguish between perpetual and periodic inventory systems and their impact on financial statements.

Realize the importance of physical inventory and its impact on financial accuracy.

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Definitions:

IntelliSense Technology

A coding aid built into development environments that suggests completions for partially typed expressions, saving time and reducing errors.

Visual Aids

Graphics, images, or other visual elements used in presentations or documents to enhance understanding or retention of information.

Reset Button

A control element that restores a system, device, or application settings back to their original or predefined state.

End Function

In programming, a statement that marks the end of a function block, specifying the end of the function's execution.