Examlex
The Canadian constitution,while inherited from the British,has several important differences.Which of the following is the most significant distinction?
Defined-benefit Plan
A type of pension plan where an employer promises a specified pension payment upon retirement, based on the employee's earnings history, tenure of service, and age.
Defined Contribution Plan
A type of retirement plan where the employee, employer, or both make contributions on a regular basis, and the benefits at retirement depend on the account's performance.
Administrative Costs
Expenses incurred in the day-to-day operations of a business that are not directly tied to production.
Infrastructure Costs
Expenses associated with the basic physical and organizational structures needed for the operation of a society or enterprise, such as roads, telecommunications, and utilities.
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