Employment, Entrepreneurship, and Compensation Answers

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Which best explains Emma’s employment status?

Emma is a salaried, exempt employee of the company.

Emma is an entrepreneur who owns the company.

Emma is an hourly employee of the company.

Emma is a freelance contractor with the company.

Which statement accurately compares pension and 401(k) plans?

Pension plans are employer-sponsored; 401(k) plans are employee-sponsored.

Both pension and 401(k) plans require employee contributions.

Pension plans are employer-controlled; 401(k) plans are employee-controlled.

Both pension and 401(k) plans are common in the public sector.

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