Which of the Following Is Typically a Characteristic of a Defined

question 58

Multiple Choice

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

• A)employer-guaranteed retirement benefit
• B)no employee contributions
• C)no federal guarantee of benefits
• D)retirement benefit computed based on an age,wage,and years of service formula
• E)benefit options limited to lifetime annuity

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Definitions:

Unit Sales

The number of individual units of a product sold in a specific time period.

Contribution Margin Ratio

The ratio of Contribution Margin (sales minus variable costs) to sales revenue.

Target Profit

The specific amount of net income that a company aims to achieve within a certain time frame.

Monthly

Pertaining to or occurring every month, often used in the context of reporting, billing, or accounting periods.