Which of the Following Is the Type of Employer-Sponsored Pension

question 25

Multiple Choice

Which of the following is the type of employer-sponsored pension plan preferred by younger, shorter service employees?

• A)defined-benefit plan
• B)defined-contribution
• C)group RRSP
• D)deferred profit-sharing plan

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Definitions:

Communism

Communism is a socio-economic system characterized by the absence of private property and the communal ownership of all resources and means of production, aiming for a classless society.

Economic Well-being

A measure of the financial health and quality of life of individuals or populations, often assessed by factors like income, employment, and access to goods and services.

Central Planners

Individuals or government authorities tasked with overseeing the economic direction and allocation of resources within a centrally planned economy.

Opportunity Cost

The financial downside of skipping over the second-best opportunity when a decision is on the line.