What is the SIMPLE IRA plan designed for, as described on page 600?
Explanation
The SIMPLE IRA is a government-created retirement plan option specifically designed to be easy and inexpensive for small businesses to administer, helping them offer competitive benefits.
Other questions
According to Chapter 18, at approximately what number of employees does a small business typically reach the milestone where it can afford a dedicated HR specialist?
What is a key reason cited in Chapter 18 for why human resource management tends to be more informal in smaller firms?
According to a study mentioned on page 591, what did successful high-growth, family-owned SMEs place more stress on compared to less successful ones?
What is the name of the U.S. Department of Labor's tool designed to help small business managers determine which employment laws apply to their businesses?
According to the discussion on leveraging small size, which of these is NOT an example of what Wards Furniture does to create a flexible work environment?
The chapter discusses a streamlined interviewing process for small businesses. Which of the following is NOT one of the four basic required factors to focus on in this process?
What is a Professional Employer Organization (PEO) also commonly known as?
What is the primary benefit for a small business to use an employee leasing firm (PEO), according to the text on page 601?
The chapter describes the 'Cost-Effectiveness Plus' suggestion program at a Lockheed Martin unit. How much did this program reportedly save the facility per implemented idea?
According to the text, what percentage of small business owners' time is estimated to be spent on personnel-related paperwork?
Chapter 18 discusses several ways entrepreneurs can leverage their small size. Which of the following is an example of providing 'Flexibility in Training'?
What is a primary characteristic of an entrepreneur's management style in a small firm, as identified on page 590?
What is the primary function of an integrated human resource information system (HRIS) as described in the 'Automating Individual HR Tasks' section?
One of the key differences in HR management for small firms is informality. A study of about 900 small companies found that their training tended to emphasize what method?