Which of the Following Statements About Retirement Ages in Defined

question 48

Multiple Choice

Which of the following statements about retirement ages in defined benefit pension plans is (are) true?
I.The normal retirement age in most plans is 65.
II.For a defined benefit plan,the early retirement age is the earliest age an employee can retire with full,unreduced benefits.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Serial Entrepreneur

A person who repeatedly starts new businesses, moving from one venture to another, and often leveraging the experiences and capital from previous successes.

Benefit Corporation (B-Corp)

A type of legal structure for a business that aims to generate profit while also focusing on positive impacts for society, workers, the community, and the environment.

Family Enterprising

The involvement of family members in developing and managing business ventures or entrepreneurial activities.

Entrepreneurship

The act of creating, launching, and managing a new business venture, often characterized by innovation and risk-taking.