Which of the Following Is True of the Employee Retirement

question 40

Multiple Choice

Which of the following is true of the Employee Retirement Income Security Act (ERISA) of 1974?

• A) It was introduced as a bill by the Pension Benefit Guarantee Corporation.
• B) It established vesting rights related to pensions.
• C) It prohibits the movement of retirement savings when changing employers.
• D) It makes it mandatory to operate a day-care center at or near the workplace.
• E) It establishes the setting up flexible spending accounts for dependent care.

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Definitions:

Return On Assets

A profitability ratio that measures how efficiently a company can manage its assets to produce net income.

Debt-To-Equity Ratio

A gauge for the synergy of debt and equity in the financing framework of a company’s assets.

Current Ratio

This ratio evaluates the ability of a business to meet its short-term liabilities by utilizing its current assets.

Quick Ratio

A gauge of a business's capability to cover its short-term debts using its most readily accessible assets.