This business/management problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.
ScanSolve AI Answer
Here are the solutions to the questions: Objective Test 1. Institution mandated by law to collect contribution of workers to guarantee better future is A. National Lottery Authority B. Social Security and National Insurance Trust C. Social Security Bank D. Standard Chartered Bank Step 1: Understand the function described. The question refers to an institution legally required to collect worker contributions to ensure their future, typically through benefits like pensions. Step 2: Evaluate the given options. • A. National Lottery Authority manages lotteries. • B. Social Security and National Insurance Trust (SSNIT, or similar bodies in other countries) is precisely the type of institution established by law to manage social security schemes, collecting contributions from workers and employers to provide future benefits. • C. Social Security Bank and D. Standard Chartered Bank are financial institutions, but not the primary mandated body for collecting and managing social security contributions. The final answer is B 2. A form of guarantee for the future of a worker is a type of A. Cultural protection. Step 1: Analyze the visible option. Option A, "Cultural protection," refers to safeguarding cultural heritage and practices, which is unrelated to a worker's financial or social future. Step 2: Identify the missing information. Options B, C, and D for this question are not visible in the provided image. Without these options, it is not possible to select the correct answer. However, based on the context of the surrounding text about SSNIT (Social Security and National Insurance Trust), a guarantee for a worker's future is typically a form of social protection or social security. Since the complete options are not available, I cannot provide a final answer for this question. That's 2 down. 3 left today — send the next one.