Which of the Following Is the Type of Retirement Plan

question 29

Multiple Choice

Which of the following is the type of retirement plan that does not define the eventual benefit amount,but only the periodic employer contribution to the plan?

• A) Government-sponsored plan
• B) Defined contribution pension plan
• C) Deferred profit-sharing plan
• D) Undefined retirement plan
• E) Defined benefit pension plan

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Definitions:

Short Run

A period in economics during which the quantity and quality of one or more inputs cannot be changed, affecting the immediate production capacity.

Distinct Definitions

Clear and specific explanations or meanings assigned to terms or concepts, emphasizing their unique characteristics.

Culture

The social behavior and norms found in human societies, as well as the knowledge, beliefs, arts, laws, customs, capabilities, and habits of the individuals in these groups.

Stable

Refers to a situation or condition that is not significantly changing, showing little variability, and is dependable over time.