Maria Owns a Store That Prepares Gourmet Chocolates, Which Are

question 15

Multiple Choice

Maria owns a store that prepares gourmet chocolates, which are hand made and sold on the premises. What type of product is Maria selling?

• A) convenience
• B) shopping
• C) specialty
• D) accessory

---

Definitions:

Defined-contribution Plans

Retirement plan wherein employees contribute a fixed amount or a percentage of their paychecks into an account that is intended to fund their retirements.

Maximum Contribution Limits

The highest amount that can be contributed to a retirement plan, savings account, or other tax-advantaged account in a given period without incurring penalties.

Qualified Pension Plan

A retirement plan that meets requirements set forth by the IRS, providing tax advantages such as tax-deferred growth on earnings and deductible contributions.

Employer-sponsored Retirement Plan

A retirement savings plan offered by employers to their employees, often with matching contributions.