My Pension Plan Will Pay Me a Yearly Retirement Amount

question 48

Multiple Choice

My pension plan will pay me a yearly retirement amount equal to 2% of my highest annual salary for each year of service. I must have ________.

• A) a defined benefit plan
• B) a defined contribution plan
• C) an endowment fund
• D) a variable annuity

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Definitions:

Retailing

The selling of goods or services directly to consumers, usually in small quantities.

Consolidated

Combined into a single entity or group, often for the purposes of streamlining operations or improving efficiency.

Centralized

A model where decision-making and processes are consolidated at a single central point, often leading to efficiencies in inventory management, purchasing, and logistics.

Dell's Supply Chain

A highly efficient model focused on build-to-order manufacturing, direct sales, and strong supplier relationships, leading to reduced inventories and customized products.