Included in the Employee Retirement Income Security Act Are the Following

question 25

Multiple Choice

Included in the Employee Retirement Income Security Act are the following:

• A)provisions requiring minimum funding of pension plans.
• B)minimum rights to employees upon termination of their employment.
• C)creation of the Pension Benefit Guaranty Corporation.
• D)provisions requiring minimum funding of pension plans and minimum rights to employees upon termination of their employment.
• E)provisions requiring minimum funding of pension plans,minimum rights to employees upon termination of their employment,and creation of the Pension Benefit Guaranty Corporation.

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Definitions:

Receipt

A document acknowledging that a payment has been made or that goods have been received.

Supplies Expense

The cost associated with consumable items used during the process of operating a business, recorded as an operating expense on the income statement.

Supplies Order

The process of acquiring necessary materials or goods required for the operation of a business or execution of a task.

Used Supplies

Consumable items that have been utilized in the operation of a business, typically recorded as an expense.