One of the Easiest Aspects of Maintaining a High Level

question 1

True/False

One of the easiest aspects of maintaining a high level of disaster preparedness is to make sure that training materials are updated and that employees are trained on current procedures.

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Definitions:

Defined Contribution Plan

A type of retirement plan where the amount contributed to the plan is specified, but the benefit received at retirement depends on the plan's investment performance.

Endowment Fund

A fund established by a foundation, institution, or individual, where the principal amount is kept intact while the investment income is available for use.

Variable Annuity

An insurance product that provides future payments to the holder, with the payouts varying depending on the performance of the investment options chosen.

Defined Contribution

A type of retirement plan in which the amount contributed to the plan is specified, but the future benefit amount is not guaranteed, depending on investment returns.