Which of the following statements is the most accurate?

A pension is a benefit that only congress people get.

IRAs and SEP-IRAs are designed to allow small businesses or the individuals who work in them to establish retirement funding.

401(k)s and pensions are different names for the same thing.

Social Security benefits pass to a person’s heirs upon death, in perpetuity.

If a person doesn’t have a pension, he or she can apply to the Pension Benefit Guaranty Corporation for monthly payments when they turn 65

Which of the following reasons does not support the purposes behind having a performance appraisal system?

Documentation for terminating an employee

Motivating an employee

Strengthening the supervisor and employee relationship

Allowing friendships to impact performance evaluations

Protecting the company from lawsuits

You are the recruiter and hiring manager for the position of vice president of sales for a company that sells athletic shoes on the West Coast. This position carries with it a number of unique responsibilities, including managing a department of 250 part-time and 50 full-time employees, a budget-making requirement, responsibility for P & L for the department, extensive weekly travel, a master’s-level education (minimum), and at least 10 years of experience in sales and 5 years’ experience in management. The salary and benefits package is $250,000. Your boss asks you which method of recruiting you will prefer to use and why you will use it. What downsides to your recommended method exist? What is your answer?