Which of the Following Plans Provides a Guaranteed Level of Income

question 22

Multiple Choice

Which of the following plans provides a guaranteed level of income at retirement?

• A) defined contribution plan
• B) tax deferred plan
• C) defined benefit plan
• D) registered retirement savings plan

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Definitions:

People-centered

An approach or strategy that prioritizes the well-being, development, and involvement of individuals within an organization or society.

Jeffrey Pfeffer

A renowned professor of organizational behavior known for his extensive research and contributions in the fields of business management and human resources.

Proactive

Taking initiative by acting in advance of a future situation, rather than just reacting.

Reactive

A response or behavior that occurs as a direct result of stimuli or situations, often implying a lack of proactive planning or initiative.