When speaking with a tax consultant, you ask if there is a ...

[ts19998]

When speaking with a tax consultant, you ask if there is a difference between the 401k and the 403b retirement plans. The tax consultant would be correct in replying which of the following?
 
  a. There is no difference between the two plans
  b. The primary difference between the two is that the 401k is a plan offered by a nonprofitorganizati on, and the 403b is offered by a for-profit organization.
 c. The primary difference between the two is that the 403b is a plan offered by a privateorganization, and the 401K is offered by a public organization.
 d. The primary difference between the two is that the 403b is a plan offered by a nonprofit
  organization, and the 401K is offered by a for-profit organization.

Question 2

After a class discussion on teamwork, the instructor asked the participants if they could identify some of the disadvantages of teamwork. Which of the following responses would indicate that further teaching is needed?
 
  a. Teams may take longer to accomplish a task or achieve a goal.
  b. Teams equalize power through shared governance.
  c. Team process takes time, effort, and resources.
  d. Team members may disagree on the best course of action to take for a specific situation.

[aham8f]

Answer to Question 1

D
The primary difference between the two is that the 403b is a plan offered by a nonprofit organization,
and the 401K is offered by a for-profit organization.

Answer to Question 2

B
A positive advantage of teamwork is that it equalizes power through shared governance. If the
participant in the class gave this response, he would be incorrect and further teaching would be
indicated. There are several disadvantages to teamwork. It may take longer to accomplish a task or
achieve a goal due to the size and diversity of disciplines involved. Members may not agree with ways
to accomplish goals, or they may disagree with group process or solutions. The team process takes
time, effort, and resources. Some members may lack motivation, ability, or skills to adequately
participate in the team process. This may be due to differences in personality, work ethics, language,
or different perceptions of what needs to be accomplished.

[ts19998]

TY

[aham8f]

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