Chapter 2 Identifies Groups to Whom Employees Have Ethical Obligations

question 20

Multiple Choice

Chapter 2 identifies groups to whom employees have ethical obligations. Which of these obligations is NOT among those identified in the chapter?

• A) obligations to law enforcement officials
• B) obligations to the public
• C) obligations to the environment
• D) obligations to one's employer

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Definitions:

Qualified Pension Plan

A retirement plan that meets requirements set forth by the IRS to qualify for favorable tax treatment.

Tax-Deferred

Tax-Deferred refers to investment earnings such as interest, dividends, or capital gains that accumulate tax-free until the investor takes constructive receipt of the gains.

Pension Plan Rules

Regulations and policies that govern how a pension plan operates, including eligibility, contributions, and benefits.

Roth IRA Contributions

Money put into a Roth IRA retirement account that has already been taxed at the current rate, meaning withdrawals in retirement are tax-free.