When you select a savings account, you should look at the following factors:
1) Bank of account. This is where you open your savings account. You need to know the reputation and performance of the bank. This way, you'll know if your savings will be well taken cared of.
2) Interest rate. The higher interest rate, the better
3) Location. Easier to open a savings account on the bank nearest to you.
4) Accessibility. Easier to contact the bank with your concerns either through a phone call or an online message.
Answer:
Pension funds are contribution set aside by employers paid into a Pension Fund Administration (PFA) company for the purpose of retirement.
Explanation:
Pension funds are monies credited into the Individual Retirement Savings (IRS) Account by the employer, with a focus on providing financial comfort to the employees at retirement.
The process of a business or organization attempting to acquire goods or services to accomplish the goals of its enterprise is called purchasing
What is the purchasing means?
Purchasing is the organized acquisition of goods and services on behalf of the buying entity. Purchasing activities are needed to ensure that needed items are obtained in a timely manner and at a reasonable cost.
What are the 3 types of purchasing?
There are three main types of procurement activities: direct procurement, indirect procurement, and services procurement
Why is purchasing important?
Purchasing is generally responsible for spending more than 50 percent of all the revenues the firm receives as income from sales. More money is often spent for purchases of materials and services than for any other expense, and the spend in services is rapidly increasing.
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There are a lot of way to improve productivity of a society. However there are also a lot of reason why productivity always fails. One main reason is not being effective and efficient. Being effective make you do your work with quality and being efficient is doing your job with less resources used.
