Which of the Following Is Not an Example of an Individual

question 45

Multiple Choice

Which of the following is not an example of an individual retirement account?

• A)Roth 401(k)plan
• B)Traditional IRA
• C)Roth IRA
• D)Spousal IRA

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Definitions:

Return on Investment

A measure of the gain or loss generated on an investment relative to the amount of money invested.

Budget Performance

The comparison of actual financial outcomes against the planned or budgeted amounts.

Standard Costs

Predetermined costs assigned to goods and services, used as benchmarks for measuring performance and preparing budgets.

Actual Costs

The real expenses that a company incurs in producing goods or services.