What Is the Difference Between a Defined Benefit and a Defined

question 69

Multiple Choice

What is the difference between a defined benefit and a defined contribution retirement plan?

• A) Defined benefit plans limit employee contributions while employed.
• B) Defined contribution plans allow employees to contribute a set amount toward their retirement plan while employed.
• C) Defined contribution plans allow employees to determine a specific amount of money they wish to receive upon retirement.
• D) Defined benefit plans allow employees to set aside money on a tax-exempt basis.

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Definitions:

Tailgating

An unauthorized person gaining access to restricted areas by following closely behind someone who has legitimate access.

Airport Terminals

Buildings at airports where passengers transfer between ground transportation and the facilities that allow them to board and disembark from airplanes.

Internet

A global network of computers and servers interconnected by communication protocols that enable access to information and communication across vast distances.

Untrusted Network

A network not secured or unknown, where the potential risk for data breaches or cyber-attacks is higher.