How do cafeteria-style plans increase costs for employers?
A) Employers pay much higher premiums for an HMO than a preferred health care plan. B) Employers are required to pay higher insurance premiums for laid-off workers. C) Contributions to PBGC to fund the retirement plan increases under this plan. D) Employees select the kind of benefits they expect to need the most. E) Employers bear the cost of providing employees with benefits they do not value.
A promissory note is a contract associated with a particular loan. A line of credit and a revolving credit agreement are arrangements between a company and a bank stipulating the maximum level of credit the bank will advance in a designated period. A line of credit is an informal agreement meaning the unused portion can be revoked at any time. The revolver is a legal commitment by the bank to have funds available if the borrower wants them. It requires that the borrower pay a commitment fee on unborrowed amounts up to the agreement limit.
MJ
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Headhunters:
A) are private employment agencies B) are employees who regularly provide job referrals C) refer to people who read organizational bulletin boards looking for job opportunities D) are potential job applicants who seek positions with a firm without knowing if any positions are currently open E) are college recruiters
Herb, an accountant, helps Industrial Company prepare and file a false federal corporate income tax return. Under the Internal Revenue Code, this is
A) a felony punishable by a fine and imprisonment. B) no violation. C) a misdemeanor punishable only by a fine. D) a civil violation subject to a liability suit but not a crime.