Answer:
The correct answer is letter "B": pensions have traditionally been set as a fixed nominal dollar amount per year at retirement.
Explanation:
Pensions are retirement plans employees enroll during their working years. There are different types of pensions being the most common the <em>401(k), Individual Retirement Account (IRA), </em>and <em>Roth IRA</em> each one with particular features. What all of them have in common is that they allow retired individuals to receive a fixed stream of income per year after they officially stop working. Therefore, that is the reason why economists call pensions as "<em>defined benefits</em>" plans.
Answer:
Description of the major tasks.
Deliverables.
Project schedule.
Related experience.
Project organization.
Equipments and facilities.
Explanation:
•Description of the major tasks explains the specific job duties, these duties are the major reasons for the project.
•Deliverables talks about the ability to quantify the project and what will be delivered when the work is completed.
•Project schedule: What needs to be done and the duration or time frame for which the project will be completed. It is the total work required for the project to be promptly delivered.
•Related experience : Any past job experience related to the project, a track record of successfully completed projects as it relates to the present project.
•Project organization: Structures put in place to facilitate supervision and implementation of every required project activity.
•Equipment and facilities: Items needed for the project to be completed.
In a situation where the firm is at point D and an increase the production of bike tires by 300 units, the opportunity cost will be <u>200 truck tires.</u>
When the firm is at point B and decides to increase the production of truck tires by 400 units, in this case, the opportunity cost will be<u> 500 bike tires.</u>
Opportunity cost simply means the potential benefit that an economic entity loses when it engages in another activity.
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The agencies that ensure properties abide by regulations are known as regulatory agencies.
<h3>What are regulatory agencies?</h3>
It should be noted that regulatory agencies are the independent governmental agencies that are established in order to set standards in a specific field.
In this case, the agencies that ensure properties abide by regulations are known as regulatory agencies.
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