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aleksklad [387]
3 years ago
6

What is the definition of a retirement saving plan offered by a corporation to its employee

Business
1 answer:
HACTEHA [7]3 years ago
5 0

Answer:

Pension plans

Explanation:

A pension plan is a retirement benefit enjoyed by state and corporate employees. In the pension plan, the employer, the employee, or both make contributions to the employee's pension account monthly.  An independent entity, a retirement benefits specialist, holds the funds contributed as pension. The funds are invested, and the proceeds used to pay retired employees based on the type of pension plan.

Contributions to the pension plans are made when the employee is in employment. Benefits will be enjoyed when the employees retire. Pension plans are of two types, the defined-contribution pension plan, and the defined-benefit pension plan.

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Which of the following is not one of the five observed ways in which managerial behavior differs from the classical description
oksano4ka [1.4K]

Answer:

The correct answer is letter "C": Managers prefer regular, written reports on firm activities.

Explanation:

Managerial behavior is an approach that focused on the implementation of motivation within the work-frame. The classical management perspective, on the other hand, states that employees are driven by physical and economic needs. It sets aside the worker's job satisfaction and mainly focuses on job specialization. When comparing the two points of view, written reports on firm activities have nothing to do.

7 0
3 years ago
Question 1 of 10
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B. An airline

An airline is a service organization.
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How does a firm in perfect competition identify profit maximizing output levels? How does this differ from profit maximization l
igor_vitrenko [27]

Answer: A monopolistic company will produce to the point where the marginal cost is equal to marginal income, which is the production point called optimal.

Marginal Income = Marginal Cost

In other words, from that point the company is not able to obtain more profit if it increases its production. Because it happens that the cost of producing one more unit is greater than the marginal income for that unit, it would be necessary to reduce the level of production because it is excessive.

As in a situation of perfect competition the company is accepting price, then it sells its product at the price given by the market, so its optimal point will be: Marginal Cost = Marginal Income = Price

6 0
3 years ago
Anita is an entrepreneur who is interested in starting a hair salon. Anita consulted her friend Ali, who is a businessman, to ge
Varvara68 [4.7K]

ANSWER 1. Capital

EXPLANATION: Calculating capital is necessary for a business. It is the basic duty of an entrepreneur to calculate capital before starting any business to check the financial capacity of the entrepreneur. Calculating capital also helps to estimate if any outside finance is necessary to start the business.

ANSWER 2: Set of Services

EXPLANATION: Choosing and categorizing set of services is necessary before starting any business. This will help in acquiring expert and trained set of labors to carry out the work. The clients will also come to know of the services that are available in the business. Expert and trained set of labors are difficult to find in any market.

ANSWER 3: Total Cost of Ownership

EXPLANATION: Total cost of ownership is a financial estimate intended to help buyers and owners determine the direct and indirect costs of a product or system. Each and every piece of equipment that Anita buys is added to the cost of the ownership of the business.

4 0
3 years ago
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During the growth stage of a product life cycle, companies should focus on: a. creating product differentiation. b. increasing o
GuDViN [60]

Answer:

Option A Creating Product Differentiation

Explanation:

The reason is that in the growth stage the company must add further features to the product to increase the product life and also capture the additional market share. This will only be possible if we have product differentiation.

The option D says that using anti-competitive strategy will give advantage to companies but this is not true, the reason is that the entrants enter the market when the product is at mature position (Normally). But this is not true in all situations.

So the best option is A

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