A __________ System Is Based Primarily on Ascription

question 53

Multiple Choice

A __________ system is based primarily on ascription.

• A) class
• B) caste
• C) value
• D) merchant

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Definitions:

Defined Contribution Pension Plan

A retirement plan where employee benefits are based on the amount of money contributed and the performance of the investment options chosen.

Bears All The Risk

A term referring to the situation where an individual or entity assumes the entire risk associated with an investment or decision.

Variable Annuity Contract

A retirement investment product that provides periodic payments to the holder, where the amounts can vary based on the investment performance of the selected options.