The Data Company Employs John and Jesse

question 23

Multiple Choice

The Data Company employs John and Jesse.John has worked for Data for 4 years,whereas Jesse has worked for the company for only 18 months.Both are 27 years old.
I.John is eligible to participate in Data's qualified pension plan.
II.Jesse is eligible to participate in Data's qualified pension plan.
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• A)Only I is correct.
• B)Only II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

Retirement

The stage of life where an individual stops employment completely, often to rely on savings or pension for financial support.

Persistent Breach

A continuous or repeated failure to uphold the terms of a contract or agreement.

General Partnership

A business structure where two or more individuals own and operate a business in common with shared profits, liabilities, and management duties.

Business Opportunity

A commercial idea or plan that has the potential for financial gain.