Which of the Following Should Not Affect Your Choice of a Financial

question 78

Multiple Choice

Which of the following should not affect your choice of a financial institution?

• A) Convenience
• B) Whether it is state or federally chartered
• C) Deposit rates and insurance
• D) Fees

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Definitions:

Escrow Account

A financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction.

Profit Sharing Plan

A compensation structure where employees receive a share of the company's profits, usually allocated as part of their annual income.

Scanlon

A participative management approach that focuses on employee involvement in problem solving and decision making related to productivity improvement and cost reduction.

Rucker Plans

A profit-sharing plan where employee pay is linked to the productivity or profitability of a company, encouraging increased worker output and company success.