Many Corporations Are Shifting from Defined Benefit to Defined Contribution

question 188

Multiple Choice

Many corporations are shifting from defined benefit to defined contribution retirement programs.When considering changes to retirement programs,the primary stakeholders are the

• A) shareholders.
• B) employees.
• C) customers.
• D) marketing managers.
• E) competition.

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Definitions:

Personnel Expenses

Costs related to the compensation and benefits of a company's employees.

Budgeting

A process of creating a plan to spend your money, allowing you to determine in advance whether you will have enough money to do the things you need or want to do.

Activity Variance

The difference between the expected cost of an activity and its actual cost, often used in budgeting and cost management to analyze performance.

Administrative Expenses

Costs associated with the general operation of a company, which do not directly relate to the production or selling of goods or services.