A ________ Contract Provides Certainty to Both the New Hire

question 27

Multiple Choice

A ________ contract provides certainty to both the new hire and the organization regarding the length of the employment relationship.

• A) variable premium
• B) fixed annuity
• C) fixed-term
• D) latent variable

---

Definitions:

Ten-Year Period

A specific duration of time that encompasses ten consecutive years.

Desired Sum

The target amount of money or financial value aimed to be achieved within a specific period or under certain conditions.

Invested

The act of allocating money or capital to an endeavor with the expectation of obtaining an additional income or profit.

Annuity

A series of identical cash flows.