Answer:
The correct answer is defined contribution plan.
Explanation:
The defined contribution plan is a pension plan in which the company agrees to make monetary contributions each year for the benefit of the employee.
Generally, in a defined contribution plan the employee has the right over the invested assets and is free to withdraw the accumulated funds if his retirement occurs prematurely. For this reason, the defined contribution plans are said to have portability, that is, if the employee ends his employment relationship with the company, he can transfer his funds to his new company's pension plan or to a private pension plan.
Upon retirement, the employee can access the accumulated funds, but unlike in the defined benefit plans, no amount is guaranteed. The investment risk is assumed entirely by the employee.
For example, the company can contribute 1% of salary to a pension fund every month. The employee can also contribute part of his salary to this plan.
An investors primary goal is to make money. More specifically, money that is greater than the sum amount initially invested.
Answer:
Net income will be decreased by $150.
Explanation:
Given:
The credit balance of interest payable (Opening) = $200
Credit balance of interest payable (Closing) = $50
Net income will be decreased by $150.
Decreased net income = credit balance of payable (Opening) - credit balance (Closing)
Decreased net income = $200 - $50
Decreased net income = $150
The interest of $150 was paid which would reduce the net profit.
Question Completion with options:
a. Past performance information provided directly by the offeror should not be relied upon.
b. The past performance evaluation satisfies the responsibility determination required under FAR subpart 9.1.
c. Evaluations should take into account past performance information regarding predecessor companies.
d. Offerors with demonstrated past performance that is neither relevant nor recent must not be removed from further consideration for award.
Answer:
The statement that is true regarding the evaluation of the past performance is:
c. Evaluations should take into account past performance information regarding predecessor companies.
Explanation:
It has been established that past performance is the best indicator of future performance. Past performance can predict future performance, behavior, and success. Organizations that achieve some good performance in the past build the required confidence, which will help them to forge ahead in the present and future. This is why in selecting companies for a negotiated competitive services acquisition, even the past performance of predecessor companies should be reviewed to get a better handle on the company's ability to deliver on the projects.
