Which of the Following Is a Defined Contribution Pension Plan

question 44

Multiple Choice

Which of the following is a defined contribution pension plan?

• A)Supplemental benefit scheme
• B)Profit sharing plan
• C)Gainsharing plan
• D)State-sponsored retirement plan
• E)State second pension scheme

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Definitions:

Distributor

A person or company that is responsible for supplying goods to retailers or directly to customers.

Manufacturer

A person or company that makes goods for sale, especially on a large scale.

Output Contracts

Agreements in which a seller agrees to sell all the output of a certain product to a particular buyer.

Requirements Contracts

Contracts where one party agrees to purchase all of its needs for a particular commodity from the other party for a certain period.