Employee stock ownership plan Samenvattingen, Aantekeningen en Examens

What is a stock bonus plan and what are its requirements? - Answer An ESOP (Employee Stock Ownership Plan) is a plan established and maintained by an employer, who doesn't have large amounts of cash to contribute to profit sharing plan, to provide benefits similar to those of a profit sharing plan --- Stock bonus plans are defined contributions profit sharing plans that allow employers to contribute stock to a qualified plan on behalf of their employees. Requirements: 1) Participa...

HRCI- SPHR Practice Exam 150 Questions with Verified Answers One of your production managers uses incentives to reward employees for meeting operational objectives. This is the best example of which of the following leadership styles? A. Charismatic leadership B. Transactional leadership C. Laissez-faire leadership D. Authoritarian leadership - CORRECT ANSWER B. Transactional leaders are characterized by a "this for that" style. These leaders use both rewards and discipline when necessa...

Elements of a Business Plan Cover Page, Executive Summary, Company Summary, Products & Services, Market Analysis, Marketing Strategy, and Financial Plan Sole Proprietorships Adv: Min legal restrictions, simple ownership form, low startup costs, sole ownership of profits, freedom in decision making process. Disadv: Unlimited personal liability, less available capital, possible difficulty in obtaining long-term financing, dissolution of the business in the event of the owner's death. *SOLE P...

What is an insurance solicitor authorized to do? - Help an agent or broker sell insurance According to the California Insurance Code, what is "insurance"? - A contract What does a Hospital Confinement indemnity policy pay for? - Pay a specified daily amount while the insured is confined to a hospital According to the California Insurance Code, how is the word "may" interpreted? - Permissive Which statement is CORRECT when describing a contract of adhesion? - Contract may be accep...

California Life, Accident, and Health State Exam Questions and Answers Rated A "blackout period" affects - Answer ️️ -widowed spouse How long must an individual be unable to engage in any gainful activity due to physical or mental disability in order to qualify for total Social Security Total Disability? - Answer ️️ -12 months What does ESOP stand for? - Answer ️️ -Employee Stock Ownership Plan An example of risk sharing would be - Answer ️️ -Doctors pooling their money ...

loss exposure - any condition or situation that presents the possibility of a loss law of large numbers - a mathematical principle stating that as the number of similar but independent exposure units increases, the relative accuracy of predictions about future outcomes (losses) based on these exposure units also increases exposure unit - a measure of the loss exposure assumed by the insurer, used in pricing insurance property loss exposure - any condition or situation that presents the pos...

Based upon his finding, which approach might be less stressful for the entrepreneur to have her own business? - Answer-Buy an existing business that is already successful Based on the scenario provided, what would be emphasized in marketing to attract customers? - Answer-Location The entrepreneur decides to begin advertising his services in this community. Which would be emphasized in marketing to attract customers to his new business? - Answer-Lower prices Which is the greatest benefits o...

WFG Life Insurance Exam Practice Questions and Answers 100% Pass Which of the following would be considered a nonmedical insurance application? a) An application that does not ask any questions about the applicant's medical history b) An application submitted with the Agent's Report c) Any application for life insurance d) An application on which the medical information is completed by the applicant and the agent only - Correct Answer ️️ -d) An application on which the medical infor...

Under a technique known as a wage-related formula, the impact of postretirement inflation on pension income is: - Answer- Measured on the basis of current wage measures to adjust benefits Under the Pension Protection Act of 2006, a benefit statement must be provided to a plan participant of a defined contribution plan entitled to direct plan investments: - Answer- Once a quarter Federal law defines normal retirement age to be the age specified in the plan, but it cannot occur beyond the la...

WFG Life Insurance | Questions with 100% Correct Answers | Latest Update | Verified Which of the following would be considered a nonmedical insurance application? a) An application that does not ask any questions about the applicant's medical history b) An application submitted with the Agent's Report c) Any application for life insurance d) An application on which the medical information is completed by the applicant and the agent only - d) An application on which the medical information...