Under a Defined Benefit Plan,the Benefit Is Fixed by a Formula

question 23

True/False

Under a defined benefit plan,the benefit is fixed by a formula and employer contributions remain the same from year to year.(Defined Benefit Plans)

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Definitions:

Leadership Style

The distinctive approach or method adopted by a leader to guide, motivate, and manage followers or team members.

Situation

Refers to a set of circumstances or a scenario within which individuals find themselves, affecting their decisions and actions.

Participative Leader

A person in charge who shares decision making with group members.

Morale

Refers to the emotional or mental condition with respect to confidence, enthusiasm, and loyalty of a person or group, especially in the context of work or team environments.