The CPP Combines Which Two Types of Pension Plans

question 9

Multiple Choice

The CPP combines which two types of pension plans?

• A) an RRSP and an RISP
• B) social assistance and social security
• C) an income maintenance plan and an income supplement plan
• D) a savings plan and a transfer plan

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Definitions:

Retained Earnings

The portion of net income that is not distributed to shareholders but instead reinvested in the core business or used to pay off debt.

Common Stock

Equity ownership in a corporation, with voting rights and potential dividends.

Initial Value Method

An accounting method for investments where the investment is recorded and maintained at its original cost without adjustment for changes in market value.

Common Stock

Equity ownership in a corporation, giving holders voting rights and a share in the company's profits via dividends.