Which Type of Pension Plan Requires a Company to Place

question 30

Multiple Choice

Which type of pension plan requires a company to place a certain amount of money into a pension fund each year on behalf of the employees?

• A) Defined benefit plan
• B) Defined payment plan
• C) Defined contribution plan
• D) Defined employee plan

Recognize the role of accountability in implementing HR strategy.

Understand the concept and uses of a transitional matrix in HR planning.

Evaluate the benefits and challenges of outsourcing and its alternatives.

Understand the concept of frequency distribution tables.

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Definitions:

Investment Project

A specific plan or initiative undertaken by a business or organization involving capital investment aimed at achieving certain financial or strategic goals.

Interest

The cost paid by a borrower for the use of borrowed money, or the income earned by an investor on their investment.

Inventory

The total amount of goods and materials held in stock by a business, intended for sale or production purposes.

Opportunity Cost

The cost of the next best alternative foregone as the result of making a decision.