A Defined Contribution Superannuation Plan Is One in Which

question 30

Multiple Choice

A defined contribution superannuation plan is one in which:

• A) The contributions to the plan only are paid out to members on retirement.
• B) The benefits paid out by the plan are based on the average salary of an employee over a period of years as a reflection of the employee's contribution to the employer.
• C) The contributions are defined by the amount needed to pay out benefits to the members at a specified level on retirement.
• D) The benefits paid out by the plan depend on the contributions made to the plan and the earnings of that plan.
• E) None of the given answers.

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Definitions:

Hypothetical Incidents

Scenarios or situations that are imagined or theoretical used to assess reactions, decisions, or behaviors in a controlled environment.

Situational Interview

An interview in which an applicant is given a hypothetical incident and asked how he or she would respond to it

Non-Directive Interview

An interviewing technique where the interviewer asks open-ended questions, allowing the interviewee to lead the discussion.

Interview Question

A query directed to an interviewee, designed to elicit information, assess suitability, or understand the candidate's perspective during an interview process.