Examlex
Which of the following does NOT require a formal journal entry?
Strict Liability
A legal principle where a party is held responsible for damages or loss, regardless of fault or intention.
Employer Negligence
A situation where an employer fails to provide a safe working environment, leading to injury or damage to employees.
ERISA
The Employee Retirement Income Security Act, a federal law that sets minimum standards for most voluntarily established retirement and health plans in private industry.
Pension Benefits
Payments made from a retirement plan, often based on years of service and salary history, made to eligible employees after retirement.
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