Which of the Following Statements Is True of Defined Benefit

question 18

Multiple Choice

Which of the following statements is true of defined benefit pensions?

• A)They are much more common than defined contribution plans.
• B)They provide specified monthly payments upon retirement.
• C)They are less expensive to manage from the employer's perspective.
• D)They shift the risk from employer to employee.

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Definitions:

P < 0.05

A statistical significance level indicating that there is less than a 5% probability the observed results occurred by chance, suggesting a significant difference or effect.

Directional

A hypothesis that specifies the direction of the expected relationship between variables.

Nondirectional

Refers to hypotheses or predictions that do not specify a predicted direction of the relationship between variables.

One-Tailed T Test

A variation of the t-test that is used when a hypothesis predicts the direction of a potential difference between group means; it assesses whether this predicted difference is statistically significant in one specific direction.