All of the Following Are Characteristic of 401(k)plans EXCEPT ________

question 18

Multiple Choice

All of the following are characteristic of 401(k) plans EXCEPT ________.

• A)categorized as a defined contribution plan
• B)deduction replaces Social Security tax
• C)pretax salary deductions invested
• D)considered a savings and thrift plan

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Definitions:

Tactical Plans

Short-term actions designed to achieve specific objectives, often as part of a larger strategic plan.

Strategic Plans

Long-term, comprehensive blueprints for how an organization will achieve its goals and meet the expectations of its stakeholders.

Work Methods

The strategies, techniques, or processes employed by individuals or groups to carry out their tasks, often optimized for efficiency, quality, or safety.

Production Plans

Detailed outlines that specify the activities, resources, timelines, and costs involved in producing a product or providing a service.