Which of the Following Is Typically a Characteristic of a Defined

question 111

Multiple Choice

Which of the following is typically a characteristic of a defined benefit plan?

• A)Employer funded with federal rules setting the amounts that employers must contribute
• B)Employee contributions generally required
• C)No federal guarantee of benefits
• D)Employee-managed investments
• E)Account balances transferable to IRAs

---

Definitions:

Common Resource

A resource like air or water that is not owned by anyone, cannot be traded in a market, and is available for everyone to use, often leading to overuse and depletion.

Profit Motive

The driving force behind business operations and activities, where the primary goal is to earn and maximize profits.

Private Ownership

The legal right of individuals or corporations to own property or businesses, with the autonomy to control and derive benefits from them.

Elephant Populations

The number of elephants living in a particular area, which is influenced by factors such as habitat, poaching, and conservation efforts.