There Are Several Fundamental Differences Between Defined-Benefit Plans and Defined-Contribution

question 33

Multiple Choice

There are several fundamental differences between defined-benefit plans and defined-contribution plans. In the defined-benefit plan, the plan sponsor does which of the following?

• A) The sponsor does not guarantee the retirement benefit
• B) The sponsor does not make the investment choices
• C) The sponsor bears the investment risk if the investments earn enough to fund the guaranteed retirement benefits.
• D) The sponsor bears the investment risk if the investments do not earn enough to fund the guaranteed retirement benefits.

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Definitions:

Face-To-Face Interaction

Direct, in-person communication between individuals, allowing for non-verbal cues and immediate feedback.

Functionalist Theories

Theories that view society as a complex system whose parts work together to promote solidarity and stability, emphasizing the interrelations of social institutions.

Conflict Theories

A perspective in sociology that sees social life as a competition, with individuals and groups struggling over resources, power, and socioeconomic status.

Media Effects

Refers to the influence that media can have on viewers' thoughts, feelings, and behaviors.