Which of the Following Statements Regarding Defined Contribution Plans Is

question 16

Multiple Choice

Which of the following statements regarding defined contribution plans is incorrect?

• A) They include fixed contributions paid by the employer to an employee's superannuation fund.
• B) The amount of the contribution is normally based on a percentage of the employee's wages.
• C) The amount received by employees upon their retirement is dependent on the level of contributions made and the return earned by the fund on its investment.
• D) The employer has a legal obligation to pay further contributions if the fund does not hold sufficient assets to pay it members.

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Definitions:

Racism

Discrimination or prejudice against individuals based on their race or ethnicity, often manifesting in societal norms, institutional policies, or personal attitudes.

Microaggressions

Everyday verbal, nonverbal, and environmental slights or insults, whether intentional or unintentional, that communicate hostile, derogatory, or negative messages to target persons based solely upon their marginalized group membership.

Minority Group

A group of people who, because of their physical or cultural characteristics, find themselves in situations of inequality within a society.

Racism

Connotes discrimination or prejudice against individuals based on their race or ethnicity, often stemming from beliefs in the superiority of one race over others.