Which of the Following Best Describes a "Defined Contribution Plan

question 49

Multiple Choice

Which of the following best describes a "defined contribution plan"?

• A)A pension plan where the employer can reduce its contributions if it is overfunded.
• B)A pension plan that place investment risk on the employees.
• C)A pension plan that place investment risk on the employers.
• D)A pension plan where the employee can decrease its contributions if it is overfunded.

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Definitions:

Overgeneralization

Overgeneralization is a cognitive distortion involving broad conclusions or general statements based on a single event or piece of evidence, often leading to inaccurate judgements or stereotypes.

Authenticity

The quality of being genuine, real, or true, not copied or false; a concept highly valued in various contexts from art to personal identity.

Ethics

A branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong behavior, focusing on the morality of actions, duties, rights, and the goodness of characters.

Causality

The relationship between cause and effect, where one event (the cause) leads to the outcome of another event (the effect).