Which of the Following Variables Is NOT Used to Determine

question 38

Multiple Choice

Which of the following variables is NOT used to determine the income level provided to employees upon retirement under a "defined benefit program"?

• A) some variable (percentage) of the average income over a certain period of time, usually three to five years
• B) the company's profit level over a period of three to five years
• C) employees' years of service
• D) employees' salary level

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Definitions:

Investor-Owners

Individuals or entities that own a portion of a company through the possession of its stock, giving them a stake in its success.

Corporation

A corporation is a legal entity that is separate and distinct from its owners, possessing many of the rights and responsibilities of an individual, including the ability to enter contracts, sue, and be sued.

Shareholders

Individuals or entities that own shares in a company, giving them partial ownership and possibly voting rights.

Managing

The process of planning, leading, organizing, and controlling resources, such as human capital and financial assets, to achieve organizational objectives efficiently and effectively.