Many Older Companies Have Changed from a Defined-Benefit Plan to A(n)________,which

question 52

Multiple Choice

Many older companies have changed from a defined-benefit plan to a(n) ________,which is a retirement plan where workers are credited with a percentage of their pay each year,plus a predetermined rate of interest.

• A)funded pension plan
• B)cash balance plan
• C)unfunded pension plan
• D)percentage plus inflation plan
• E)none of the above

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Definitions:

Costs

Costs represent the expenses incurred in the production of goods or services, including materials, labor, and overhead.

Benefits

Advantages or favorable outcomes derived from actions, policies, or circumstances.

Assumption

A basic condition or premise believed to be true without proof for the purpose of reasoning and decision-making.

Hypothesis

A suggested theory formulated from minimal evidence intended as an initial step for more in-depth inquiry.