Defined Contribution (DC)Plans Are Benefits Plans Based On

question 43

Multiple Choice

Defined Contribution (DC) Plans are benefits plans based on:

• A)the number of year of service
• B)amounts contributed by the employer and the employee,the final pension depending on amounts contributed
• C)a formula based on age and length of service,with the employer assuming responsibility for funding
• D)the age of the employee and economic conditions at retirement
• E)a formula based on age and length of service,with the employer assuming full responsibility for funding

---

Definitions:

Business Flexibility

The ability of a company to adapt quickly and efficiently to changes in its external environment, including market demands, technology, and regulatory shifts.

Taylorism

A theory of management that analyzes and synthesizes workflows, aiming to improve economic efficiency, especially labor productivity, also known as scientific management.

Cross-Training

The practice of training employees to perform multiple roles or to undertake tasks outside their traditional responsibilities.

Workforce Flexibility

The ability of a workforce to adapt to changes, including adjusting to new work conditions, job requirements, or schedules.