Most Employer Pension Plans Are Either Defined-Contribution or Defined-Benefit Plans

question 40

True/False

Most employer pension plans are either defined-contribution or defined-benefit plans.

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Definitions:

Eyeglasses

Corrective or protective lenses mounted in a frame to aid vision or protect the eyes.

Average Variable Cost

The cost per unit of variable inputs divided by the total quantity of output produced.

Variable Cost

Costs that change in proportion to the good or service that a business produces.

Quantity of Output

The total amount of goods or services produced by a firm or economy over a specific period.