Defined-Benefit Plans

question 37

Multiple Choice

Defined-benefit plans:

• A) are more common than defined contribution plans.
• B) pay a pension based on the amount contributed into the plan by the employee and employer.
• C) do not require any responsibility on the part of the employer for the employees' retirement income; it is based on employee contributions.
• D) usually require an employee to work a very long time for the same employer in order to reap a large benefit.

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Definitions:

Oedipal Complex

According to Sigmund Freud, a condition that occurs during the phallic stage, when boys are presumed to develop sexual desires for their mother and see their father as a competitor for their mother’s love. The term is a reference to the character of Oedipus in the play by the Greek tragedian Sophocles.

First Year of Life

A critical period in human development marked by rapid physical and cognitive growth, along with significant emotional and psychological changes.

Anal Stage

The second stage in Freud's psychosexual development theory, occurring between 18 months and three years, where the child's libido is focused on the anus, and toilet training is a key experience.