In a Non-Contributory, Defined Benefit Pension Plan, the Plan Assets

question 75

True/False

In a non-contributory, defined benefit pension plan, the plan assets are composed of the employer's cumulative contributions less cumulative pension benefits paid from the fund.

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Definitions:

Diseconomies of Scale

A situation where, as a firm increases production, the costs per unit increase instead of decreasing due to inefficiencies.

Output

The total amount of goods or services produced by a person, machine, or company within a certain period.

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, leading to a decrease in the per unit cost as output increases.

Output

The total amount of goods or services produced by an individual, firm, or country within a given period.