Since Many Employers Have Eliminated Defined-Benefit Retirement Plans, It Is

question 11

Multiple Choice

Since many employers have eliminated defined-benefit retirement plans, it is important that the employee

• A) contributes to any 401(k) opportunity especially if there is company matching.
• B) makes extra money to compensate for the loss of benefit.
• C) saves money throughout their career to prepare for retirement.
• D) Both A and C are correct.

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Definitions:

Single-precision

A format for representing floating-point numbers that uses 32 bits, providing a certain degree of accuracy.

Float

A data type in programming used to represent real numbers that have a fractional part.