Name the Two Main Categories of Pension Plans

question 12

Short Answer

Name the two main categories of pension plans.

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Definitions:

Income

Money received, especially on a regular basis, for work or through investments.

Assets

Economic resources owned or controlled by a business, expected to produce future benefits, including cash, inventory, equipment, and real estate.

Investment Center Residual Income

The net operating income earned by an investment center minus a charge for the capital used to generate those profits, measuring performance beyond generating profits.

Performance Evaluation

The process of assessing an employee's job performance, often to inform decisions regarding promotions, pay adjustments, and development needs.