Which of the Following Is a Feature of the Federal

question 25

Multiple Choice

Which of the following is a feature of the federal Employee Retirement Income Security Act (ERISA) ?

• A)The annual report needs to be certified internally by the respective employers.
• B)It abolishes pensions for employees in certain situations.
• C)It abolished all record-keeping requirements for pension plans.
• D)It regulates pension funds to help ensure their long-term financial security.

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Definitions:

Raw Materials

Raw materials are the fundamental ingredients or components that are processed to manufacture goods.

Asset

An item or resource owned by an individual or a business, having economic value and expected to provide future benefits.

Direct Material

Raw materials that are directly incorporated into a finished product and can be easily traced.

Indirect Material

Materials used in the production process that can't be directly traced to a finished product, such as lubricants and cleaning supplies.