Which of the Following Describes a Defined Benefit Plan

question 77

Multiple Choice

Which of the following describes a defined benefit plan?

• A)Provides fixed income to the plan participants based on a formula.
• B)Distribution amounts determined by employee and employer contributions.
• C)Allows executives to defer income for a period of years.
• D)Retirement account set up by an individual.

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Definitions:

Effective Leadership

Involves influencing, motivating, and enabling others to contribute toward the effectiveness and success of the organizations of which they are members.

Psychologically Predisposed

Having a natural inclination or tendency towards certain behaviors or mental states due to psychological factors.

Instructed

means being directed or educated in a particular subject or activity by someone with knowledge or authority on the matter.

Situational Leadership Model

A leadership approach that suggests the most effective leadership style varies according to the task, situation, and level of maturity or readiness of the followers.