Ian Is the Human Resource Manager of a One-Year-Old Technology

question 109

Multiple Choice

Ian is the human resource manager of a one-year-old technology company.The founder wants him to set up a retirement plan.Ian thinks the best approach during the company's early years would be a defined-contribution plan funded with profit-sharing dollars.Which statement best supports Ian's idea?

• A) The plan makes employees part-owners of the company.
• B) The Pension Benefit Guarantee Corporation will guarantee a basic benefit.
• C) Employees can buy an annuity with the contributions when they retire.
• D) The amount employees contribute is not taxed when they contribute it.
• E) Contributing a share of profits gives the company more flexibility as it establishes itself.

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Definitions:

Systems Variation

The differences and changes within systems (e.g., organizational, biological, technological) that can affect outcomes and processes.

Continuous Quality Improvement

is an ongoing effort to enhance products, services, or processes by making incremental improvements over time or implementing significant changes to improve quality.

Quality Council

An organization or committee that focuses on ensuring the standards and quality of products, services, or processes, often within a specific industry or healthcare setting.

Safety Initiative

A safety initiative is an organized effort or program designed to improve safety and reduce the risk of harm in a particular environment, such as in workplaces, schools, or public spaces.