Which of the Following Describes a Defined Contribution Plan

question 56

Multiple Choice

Which of the following describes a defined contribution plan?

• A)Provides guaranteed income on retirement to plan participants.
• B)Employers and employees generally may contribute to the plan.
• C)Generally set up to defer income for executives and highly compensated employees but not other employees.
• D)Retirement account set up to provide an individual a fixed amount of income on retirement.

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Definitions:

Playground Behavior

The range of actions and interactions between children while they are in a playground setting, often studied to understand social development.

Safe Behavior

Actions undertaken by individuals or organizations that promote safety and reduce the risk of harm.

Operant Conditioning

A method of learning where the intensity of an action is adjusted based on the outcomes of that action, like incentives or penalties.

Animal Training

The practice of teaching animals specific responses to specific conditions or stimuli.