When Changing Employment,your 401(k)account ________

question 12

Multiple Choice

When changing employment,your 401(k) account ________.

• A)must stay with your past employer
• B)is considered a withdrawal and taxes must be paid on the entire amount
• C)can be transferred to another plan administrator or trustee,like a mutual fund company,an IRA,or new employer's plan
• D)cannot be rolled over into an IRA

---

Definitions:

Binary Search

An efficient algorithm for finding an item from a sorted list of items by repeatedly dividing the search interval in half.

Ordered List

A list in which the elements are kept in a specific sequence based on some sorting criterion.

Key Comparisons

Operations in algorithms, particularly in sorting and searching, where elements are compared to determine their order or equality.

Sequential Search

A search technique where items are checked in sequence from the beginning to the end until the target is found or the list is fully traversed.