Which of the Following Is True of 401(k)plans

question 47

Multiple Choice

Which of the following is true of 401(k) plans?

• A) They refer to the leave policies which make no distinction between sick,vacation,and personal days and allow employees a set number of days off each year.
• B) They are compensation plans which take no more than 3 percent of the annual personnel budget.
• C) They allow the employee to have no control over the amount of their contribution and how the money is invested.
• D) They are typically easier to administer and are less expensive than traditional pension plans.

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Definitions:

Functional Departments

Divisions within an organization, each specialized in certain functions such as marketing, finance, or human resources, to ensure operational efficiency.

Functional Structure

Is an organizational design that groups employees based on their functional roles or specializations, such as marketing or finance.

Dysfunctional Conflict

A type of conflict that is destructive, hinders goal achievement, and typically arises from poor communication, misunderstandings, or personal issues between individuals or groups.

Interdependence

A reciprocal relation between entities where each depends on the other, often seen in team dynamics, ecosystems, and global economies.