Which of the Following Statements Is Incorrect

question 98

Multiple Choice

Which of the following statements is incorrect?

• A)Qualified pension plans may be contributory or noncontributory.
• B)An employer can require employees to make contributions as long as the plan is non-discriminatory.
• C)A profit-sharing plan does not qualify as a pension plan because the amount of profit in a year cannot be known in advance.
• D)With a defined-contribution plan,the amount of total retirement benefits is unknown.

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Definitions:

Extraverts

Individuals who are characterized by their outgoing, energetic, and sociable nature, often feeling energized by being around others.

Personality Research

The study of how individual differences in behavior, emotions, and thinking patterns arise and their effects on life.

Big Five

A theory identifying five fundamental personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism, used to describe human personality comprehensively.

Personality Traits

Enduring characteristics and behaviors that distinguish one individual from another.