A pension plan that promises employees a fixed annual pension benefit, based on years of service and compensation, is called a (n)

A) defined contribution plan
B) defined benefit plan
C) unfunded plan
D) compensation plan

The decision to make or buy a good or service is:

A) a one-time decision never to be reconsidered.
B) a decision of strategic importance that deserves careful evaluation.
C) primarily an operational decision.
D) the same as deciding to insource or outsource.
E) typically made by the chief supply officer and his or her executive team.

The basic way that one piece of land differs from another is in its ________________.

Using the following data taken from Payton Inc., which uses a periodic inventory system, determine the gross profit to be reported on the income statement for the year ended May 31.​

Negotiating parties always negotiate by ____________.

A publishing company plans to outsource its production-related tasks to a BRIC country. They are assessing opportunities and are attracted to this country due to its population of young, well-educated, technically-skilled workers who are fluent in English.

A) Russia
B) China
C) Brazil
D) India
E) Chile