In a ______,The Employer Guarantees That the Participant Will Receive

question 39

Multiple Choice

In a ______,the employer guarantees that the participant will receive an annual benefit for life following retirement,or the actuarial equivalent of such a benefit,based on a formula in the plan regardless of contributions made or the plan's investment performance.

• A) Defined contribution pension plan
• B) 401(k) plan
• C) Employee stock ownership plan
• D) Defined benefit pension plan

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Definitions:

Human Capital

The collective skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value to an organization or society.

Capital Per Employee

A measure of how much capital investment is allocated per employee, indicating the level of investment in tools, technology, and equipment to enhance productivity.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or the community.

Physical Capital

Consists of tangible, man-made objects that a business uses to produce goods or services.